Tudor Gold Upsizes Private Placement to Boost Exploration

The latest announcement is out from Tudor Gold ( (TSE:TUD) ).

Tudor Gold Corp. has announced an increase in its non-brokered private placement to 12.75 million flow-through units, aiming to raise approximately $12 million. The proceeds will be used for Canadian exploration expenses, particularly on the Treaty Creek Project, and the offering is subject to regulatory approvals. This strategic move is expected to bolster Tudor’s exploration capabilities and enhance its position in the mining industry by expanding its resource base.

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 the Treaty Creek Project, which hosts the Goldstorm Deposit. This deposit includes a large gold-copper porphyry system and several other mineralized zones, with significant indicated and inferred mineral resources of gold, copper, and silver.

Average Trading Volume: 897,486

Technical Sentiment Signal: Buy

Current Market Cap: C$318.3M

For a thorough assessment of TUD stock, go to TipRanks’ Stock Analysis page.