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
Waraba Gold Limited ( (TSE:WBGD) ) just unveiled an update.
Waraba Gold Limited has successfully closed the final tranche of its offering, raising US$300,000 through non-convertible unsecured debentures, which will be used for initial commitments under its Earn-Term Sheet and general working capital. Additionally, the company appointed Mamadou Coulibaly, an experienced geologist, to its board of directors, and issued 6,000,000 common shares to vendors, marking significant steps in its strategic growth and operational expansion.
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 trading on the Canadian Securities Exchange under the symbol ‘WBGD’ and on the Frankfurt Stock Exchange under ‘ZE0’.
Average Trading Volume: 93,216
Technical Sentiment Signal: Sell
Current Market Cap: C$1.62M
See more insights into WBGD stock on TipRanks’ Stock Analysis page.