Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tartisan Nickel Corp ( (TSE:TN) ) has issued an announcement.
Tartisan Nickel Corp. has closed an additional $150,000 flow-through financing through the issuance of 750,000 flow-through shares at $0.20 per share, with the securities subject to a four-month-and-one-day holding period and customary regulatory approvals. The gross proceeds will be directed toward advancing exploration and development at the company’s wholly owned Kenbridge Nickel-Copper-Cobalt Project in northwestern Ontario, with a 6% cash commission and 6% broker warrants paid to eligible agents, underscoring ongoing investor support for Tartisan’s critical minerals portfolio and its efforts to advance Kenbridge toward further development milestones.
The most recent analyst rating on (TSE:TN) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on Tartisan Nickel Corp stock, see the TSE:TN Stock Forecast page.
Spark’s Take on TSE:TN Stock
According to Spark, TipRanks’ AI Analyst, TSE:TN is a Underperform.
Tartisan Nickel Corp’s stock score is driven by severe financial performance challenges, including zero revenue and persistent losses. The technical indicators suggest weak momentum, and the valuation is negatively impacted by the absence of profitability and dividends. However, recent corporate events offer potential growth opportunities in mineral exploration, providing a glimmer of hope for future improvements.
To see Spark’s full report on TSE:TN stock, click here.
More about Tartisan Nickel Corp
Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company focused on nickel, copper, cobalt and silver projects, including its flagship Kenbridge Nickel Project near Sioux Narrows in northwestern Ontario, the Sill Lake Silver Property near Sault Ste. Marie, and the Night Danger Turtle Pond project near Dryden. The company’s common shares trade on the Canadian Securities Exchange, the OTCQB and the Frankfurt Stock Exchange, with 148,049,041 shares outstanding and 152,147,756 shares on a fully diluted basis.
Average Trading Volume: 89,644
Technical Sentiment Signal: Buy
Current Market Cap: C$24.23M
Learn more about TN stock on TipRanks’ Stock Analysis page.