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Apollo Gold ( (TSE:APGO) ) just unveiled an update.
Apollo Silver Corp. has successfully closed its upsized non-brokered private placement, raising a total of $26.78 million through the issuance of over 7.4 million units. The funds will be used to advance the Calico Silver Project in California and support the Cinco de Mayo Project in Mexico. The offering saw participation from notable investors, reflecting strong confidence in Apollo’s strategic vision and positioning the company to further its development projects.
Spark’s Take on TSE:APGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.
Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.
To see Spark’s full report on TSE:APGO stock, click here.
More about Apollo Gold
Apollo Silver Corp. is focused on advancing one of the largest undeveloped primary silver projects in the United States, known as the Calico Silver Project. This project features a substantial, bulk minable silver deposit with significant barite and zinc credits, which are critical minerals for the US energy and medical sectors.
Average Trading Volume: 210,699
Technical Sentiment Signal: Buy
Current Market Cap: C$181.5M
For a thorough assessment of APGO stock, go to TipRanks’ Stock Analysis page.