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Benchmark Metals Inc ( (TSE:TAU) ) has shared an update.
Thesis Gold Inc. has completed a strategic private placement of 9.9% of its common shares to Centerra Gold Inc., raising over $24 million. This investment will support ongoing technical studies and corporate activities, potentially strengthening Thesis Gold’s position in the precious metals sector and enhancing its Lawyers-Ranch Project’s development.
Spark’s Take on TSE:TAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:TAU is a Neutral.
Benchmark Metals Inc. has a challenging financial situation due to its lack of revenue and negative free cash flow, which weighs heavily on its stock score. However, the stock’s positive technical indicators and recent strategic developments in resource expansion provide potential upside. The current valuation remains concerning due to a negative P/E ratio, but future project advancements could improve this outlook.
To see Spark’s full report on TSE:TAU stock, click here.
More about Benchmark Metals Inc
Thesis Gold Inc. is a resource development company focused on its Lawyers-Ranch Project in British Columbia’s Toodoggone Mining District. The company aims to unlock significant value through exploration, drilling, and economic assessments, with a focus on precious metals.
YTD Price Performance: 55.93%
Average Trading Volume: 747,344
Technical Sentiment Signal: Hold
Current Market Cap: C$195.8M
See more data about TAU stock on TipRanks’ Stock Analysis page.