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Capella Minerals ( (TSE:CMIL) ) has shared an announcement.
Capella Minerals Ltd announced a non-brokered private placement of 24 million units at $0.05 per unit, raising $1.2 million to fund administrative costs and new project exploration. The company also plans to settle $297,145 of debt through the issuance of common shares, aiming to conserve capital and strengthen its financial position.
Spark’s Take on TSE:CMIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:CMIL is a Neutral.
Capella Minerals exhibits substantial financial weaknesses due to a lack of revenue and high reliance on debt, impacting its score significantly. Technical indicators suggest weak momentum and potential reversal signals. Valuation metrics reflect current unprofitability. However, the recent corporate event of initiating a drilling program presents a positive outlook for future growth, slightly lifting the overall score.
To see Spark’s full report on TSE:CMIL stock, click here.
More about Capella Minerals
Capella Minerals Ltd is a Canadian exploration and development company focused on generating gold-copper projects globally. The company has a portfolio of precious and base metal projects in Scandinavia and retains interests in various projects through partnerships and equity positions in other companies.
Average Trading Volume: 37,729
Technical Sentiment Signal: Sell
Current Market Cap: C$2.37M
See more data about CMIL stock on TipRanks’ Stock Analysis page.