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Yorbeau Resources Inc ( (TSE:YRB) ) just unveiled an update.
Yorbeau Resources Inc. announced the completion of a non-brokered private placement, raising $1.1 million through the issuance of 13,750,000 flow-through Class A common shares. The proceeds will be used for Canadian exploration expenses on its properties. The transaction involved four directors, making it a related party transaction, but it was exempt from certain regulatory requirements due to its size relative to the company’s market capitalization.
The most recent analyst rating on (TSE:YRB) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Yorbeau Resources Inc stock, see the TSE:YRB Stock Forecast page.
Spark’s Take on TSE:YRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:YRB is a Neutral.
Yorbeau Resources Inc’s stock score is driven by its strong valuation, with a low P/E ratio indicating potential undervaluation. Technical analysis shows positive momentum, supporting a favorable outlook. However, financial performance is mixed, with profitability improvements offset by liquidity concerns due to negative cash flows.
To see Spark’s full report on TSE:YRB stock, click here.
More about Yorbeau Resources Inc
Yorbeau Resources Inc. is a Canadian public company engaged in gold and base metal exploration in Quebec, Canada. The company focuses on developing its Scott Lake zinc copper deposit near Chibougamau, Quebec, and exploring properties in the Detour, Joutel, and Selbaie regions of northwestern Quebec.
Average Trading Volume: 122,465
Technical Sentiment Signal: Buy
Current Market Cap: C$27.7M
For a thorough assessment of YRB stock, go to TipRanks’ Stock Analysis page.