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An announcement from Bird River Resources ( (TSE:BDR) ) is now available.
Bird River Resources Inc. has successfully closed the fourth tranche of a non-brokered private placement financing, raising approximately $709,299, bringing the total proceeds from the offering to over $2.38 million. The funds will be used for general corporate and working capital requirements. Entertainment Insurance Consultants, Inc. acquired a significant portion of the shares, representing approximately 13.98% of the company’s issued and outstanding shares, indicating a substantial investment interest in Bird River Resources.
Spark’s Take on TSE:BDR Stock
According to Spark, TipRanks’ AI Analyst, TSE:BDR is a Underperform.
Bird River Resources faces significant financial hurdles, including negative equity and lack of revenue, which heavily weigh down its overall score. Despite some technical support and promising corporate events indicating potential growth in the mining sector, the company’s poor financial health and valuation challenges are critical concerns.
To see Spark’s full report on TSE:BDR stock, click here.
More about Bird River Resources
Bird River Resources Inc. is a resource company based in Winnipeg, Manitoba, focused on advancing mineral exploration and development properties. The company holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border.
Average Trading Volume: 106,942
Technical Sentiment Signal: Buy
Current Market Cap: C$4.26M
For detailed information about BDR stock, go to TipRanks’ Stock Analysis page.