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West Red Lake Gold Mines ( (TSE:WRLG) ) has provided an update.
West Red Lake Gold Mines Ltd. has increased its previously announced bought-deal public offering to $36 million due to strong investor demand. This upsizing reflects positive investor sentiment and could enhance the company’s financial position, supporting its operations and strategic objectives in the highly productive Red Lake Gold District.
The most recent analyst rating on (TSE:WRLG) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on West Red Lake Gold Mines stock, see the TSE:WRLG Stock Forecast page.
More about West Red Lake Gold Mines
West Red Lake Gold Mines Ltd. is a publicly traded gold development and mining company focused on its flagship Madsen Gold Mine and a 47 km2 land package in the Red Lake district of Ontario, Canada. The company also owns the Rowan Property in Red Lake, which includes three past producing gold mines.
Average Trading Volume: 1,113,799
Technical Sentiment Signal: Buy
Current Market Cap: C$368.6M
See more data about WRLG stock on TipRanks’ Stock Analysis page.