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Pantera Silver ( (TSE:PNTR) ) has issued an announcement.
Pantera Silver Corp. announced a non-brokered private placement to raise up to $3.5 million CAD by issuing 5,000,000 units at $0.50 per unit. The funds will be used for exploration, potential property acquisitions, and general working capital. The placement is subject to regulatory approvals, and priority will be given to existing shareholders. This move aims to strengthen Pantera’s financial position and support its strategic objectives in the mineral exploration industry.
Spark’s Take on TSE:PNTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNTR is a Underperform.
Pantera Silver’s overall stock score is low, driven primarily by weak financial performance, including ongoing losses and cash flow issues. While technical indicators show some positive momentum, and recent corporate events are promising, the lack of profitability and unattractive valuation significantly weigh down the score.
To see Spark’s full report on TSE:PNTR stock, click here.
More about Pantera Silver
Pantera Silver Corp. is a mineral exploration and development company focused on advancing a silver-focused portfolio of mineral projects. The company aims to make a world-class silver discovery through systematic exploration strategies and technology. Pantera Silver seeks to secure high-quality projects and contributes to the needs of a green economy through responsible business and environmental practices.
Average Trading Volume: 174,659
Technical Sentiment Signal: Buy
Current Market Cap: C$27.12M
Find detailed analytics on PNTR stock on TipRanks’ Stock Analysis page.