TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Waraba Gold Limited ( (TSE:WBGD) ) is now available.
Waraba Gold Limited has announced a non-brokered private placement to raise up to $100,000 through the issuance of up to 5,000,000 common shares at $0.02 per share. The funds will be used to support the company’s working capital. Additionally, the company plans to consolidate its common shares on a 1-for-18 basis, effective September 30, 2025, pending final confirmation from the Canadian Securities Exchange. This consolidation is expected to streamline the company’s share structure and potentially enhance its market positioning.
Spark’s Take on TSE:WBGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:WBGD is a Underperform.
Waraba Gold Limited faces significant financial challenges with no revenue and persistent losses, severely impacting its stock score. While technical indicators provide a slightly neutral outlook, and corporate events show potential for future growth, the overall financial distress overshadows these aspects, leading to a low score.
To see Spark’s full report on TSE:WBGD stock, click here.
More about Waraba Gold Limited
Waraba Gold Limited is a resource exploration company focused on acquiring and exploring mineral properties. It is a reporting issuer in British Columbia and Alberta, with its common shares traded on the Canadian Securities Exchange under the symbol ‘WBGD’ and on the Frankfurt Stock Exchange under the symbol ‘ZE0’.
Average Trading Volume: 72,165
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.62M
Find detailed analytics on WBGD stock on TipRanks’ Stock Analysis page.