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Tudor Gold ( (TSE:TUD) ) has issued an update.
Tudor Gold Corp. has successfully upsized and closed its non-brokered private placement, raising approximately $12.5 million through the issuance of 13.16 million flow-through units. The proceeds are earmarked for Canadian exploration expenses, with the company indemnifying subscribers against potential tax liabilities. This financing move underscores Tudor’s commitment to advancing its exploration projects, particularly the Treaty Creek Project, which hosts the significant Goldstorm Deposit.
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. is a precious and base metals exploration and development company with claims in British Columbia’s Golden Triangle, an area known for its producing and past-producing mines and several large deposits nearing potential development.
Average Trading Volume: 886,722
Technical Sentiment Signal: Hold
Current Market Cap: C$303.1M
Learn more about TUD stock on TipRanks’ Stock Analysis page.