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Apollo Gold ( (TSE:APGO) ) has provided an update.
Apollo Silver Corp. has announced an increase in its non-brokered private placement offering due to strong investor demand, now aiming to raise up to $26.8 million. The proceeds will be used to advance the Calico Silver Project in California, support community initiatives in Mexico, and cover property maintenance costs, with the offering subject to regulatory approval.
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 advancing one of the largest undeveloped primary silver projects in the US, specifically the Calico project, which hosts a significant silver deposit with barite credits. The company also has an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit. Apollo is led by an experienced management team focused on exploration and development to deliver value.
Average Trading Volume: 169,632
Technical Sentiment Signal: Buy
Current Market Cap: C$193.1M
Learn more about APGO stock on TipRanks’ Stock Analysis page.