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Moneta Gold ( (TSE:STLR) ) has shared an update.
STLLR Gold Inc., a company involved in the mining industry, has announced an increase in its ‘bought deal’ private placement due to strong investor demand. The revised agreement with Paradigm Capital Inc. and SCP Resource Finance LP will now raise gross proceeds of C$15,760,110.40. This upsized offering includes the sale of flow-through shares and common shares, with proceeds allocated for Canadian exploration expenses and general corporate purposes. The offering is expected to close by October 15, 2025, pending necessary approvals.
Spark’s Take on TSE:STLR Stock
According to Spark, TipRanks’ AI Analyst, TSE:STLR is a Neutral.
The overall stock score for TSE:STLR is weighed down by significant financial challenges, including persistent losses and lack of revenue. However, promising corporate events and stable technical indicators offer some potential for improvement. Despite this, the stock’s valuation remains a concern, given the negative P/E ratio and lack of dividends. Substantial operational and financial enhancements are necessary for a higher score.
To see Spark’s full report on TSE:STLR stock, click here.
More about Moneta Gold
Average Trading Volume: 115,398
Technical Sentiment Signal: Buy
Current Market Cap: C$176.2M
See more data about STLR stock on TipRanks’ Stock Analysis page.