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Thunderstruck Resources ( (TSE:AWE) ) has issued an announcement.
Thunderstruck Resources Ltd. has announced a non-brokered private placement of 10,677,126 common shares at $0.073 per share, aiming to raise $779,430.20. The funds will be used for exploration programs in Fiji and general working capital, with the placement subject to regulatory approval. This strategic move is expected to bolster the company’s exploration initiatives and strengthen its position in the mineral exploration industry.
Spark’s Take on TSE:AWE Stock
According to Spark, TipRanks’ AI Analyst, TSE:AWE is a Underperform.
Thunderstruck Resources exhibits significant financial instability, with no revenue and consistent losses, heavily impacting its stock score. Technical indicators show slight upward momentum but are offset by valuation concerns, such as a negative P/E ratio and no dividend yield. The stock’s overall attractiveness remains low due to these compounding issues.
To see Spark’s full report on TSE:AWE stock, click here.
More about Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company focused on discovering high-value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits on the main island of Viti Levu in Fiji. The company offers investors exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold, and silver in a politically stable jurisdiction.
Average Trading Volume: 39,631
Technical Sentiment Signal: Hold
Current Market Cap: C$2.35M
Find detailed analytics on AWE stock on TipRanks’ Stock Analysis page.