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Targa Exploration Corp. ( (TSE:TEX) ) has issued an announcement.
Targa Exploration Corp. has announced an increase in its non-brokered private placement of flow-through shares, now aiming to raise up to C$950,000 due to strong investor demand. The proceeds will be used for exploration activities at the Opinaca gold project in Quebec, with the closing of the offering expected around August 22, 2025. This strategic move is anticipated to enhance Targa’s exploration capabilities and strengthen its position in the gold exploration industry.
Spark’s Take on TSE:TEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.
Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.
To see Spark’s full report on TSE:TEX stock, click here.
More about Targa Exploration Corp.
Targa Exploration Corp. is a Canadian exploration company focused on acquiring, exploring, and developing gold mineral properties. Based in Vancouver, British Columbia, its principal asset is the Opinaca Gold Project, where a significant gold-in-till anomaly has been identified over a 7km strike length. Targa plans to initiate a maiden drill program at Opinaca in 2025.
Average Trading Volume: 47,677
Technical Sentiment Signal: Sell
See more insights into TEX stock on TipRanks’ Stock Analysis page.