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An announcement from Tudor Gold ( (TSE:TUD) ) is now available.
Tudor Gold Corp. successfully closed a $14.95 million financing round, which included both a prospectus and private placement offering. The proceeds from this financing will be used for working capital and exploration expenses on the Treaty Creek property. Notably, prominent investor Eric Sprott participated in the offering, acquiring a significant number of shares and warrants. This financing is expected to bolster Tudor Gold’s exploration efforts and enhance its market position in the mining sector.
The most recent analyst rating on (TSE:TUD) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Tudor Gold stock, see the TSE:TUD Stock Forecast page.
Spark’s Take on TSE:TUD Stock
According to Spark, TipRanks’ AI Analyst, TSE:TUD is a Underperform.
Tudor Gold’s overall score is low due to significant financial challenges, including no revenue generation and continued losses. The bearish technical indicators and negative valuation metrics further contribute to the low score. However, recent corporate events offer some hope for future improvement, indicating a cautious outlook with potential upside.
To see Spark’s full report on TSE:TUD stock, click here.
More about Tudor Gold
Tudor Gold Corp. operates in the mining industry, focusing on exploration and development of mineral properties. Its primary market focus is on the Treaty Creek flagship property located in the Golden Triangle of northwestern British Columbia.
Average Trading Volume: 246,837
Technical Sentiment Signal: Sell
Current Market Cap: C$132.9M
See more data about TUD stock on TipRanks’ Stock Analysis page.