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Metals Creek Resources ( (TSE:MEK) ) has provided an announcement.
Metals Creek Resources Corp. announced a non-brokered private placement to raise up to $1 million through the issuance of flow-through and non-flow-through units. The funds will be used for exploration on their Newfoundland and Ontario properties, including the Ogden Gold Project, with the private placement subject to TSX Venture Exchange approval.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.
Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior exploration company based in British Columbia, Canada, with a focus on gold exploration. The company holds a 50% interest in the Ogden Gold Property near Timmins, Ontario, and has multiple projects available for option.
Average Trading Volume: 424,003
Technical Sentiment Signal: Buy
Current Market Cap: C$6.75M
For an in-depth examination of MEK stock, go to TipRanks’ Overview page.