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An update from Colibri Resource ( (TSE:CBI) ) is now available.
Colibri Resource Corporation has announced an increase in its equity offering due to strong investor demand, raising the offering size to 11,500,000 units. The company is also in the final stages of selecting a drilling contractor for its EP Gold Project, which is fully permitted and ready for drilling. The increased funding will support exploration at the EP Gold Project and Pilar, reinforcing the company’s financial position and advancing its exploration goals.
Spark’s Take on TSE:CBI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBI is a Underperform.
Colibri Resource’s overall stock score reflects its significant financial and operational challenges, with continuous losses and poor technical indicators weighing heavily. While recent corporate events offer some hope for future improvements, they are not sufficient to offset current weaknesses. The company’s high leverage and lack of revenue generation remain critical risks.
To see Spark’s full report on TSE:CBI stock, click here.
More about Colibri Resource
Colibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange, focusing on acquiring, exploring, and developing gold and silver properties in Mexico. The company holds interests in several high-potential projects, including full ownership of the EP Gold Project in the Caborca Gold Belt and stakes in the Pilar and Diamante Gold & Silver Projects.
Average Trading Volume: 56,139
Technical Sentiment Signal: Sell
Current Market Cap: C$4.04M
For a thorough assessment of CBI stock, go to TipRanks’ Stock Analysis page.