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An announcement from Thunderstruck Resources ( (TSE:AWE) ) is now available.
Thunderstruck Resources Ltd. announced the closing of a $780,000 non-brokered private placement, with the proceeds directed towards its Fiji exploration properties and general working capital. This investment, involving significant participation from Asia Pacific Group, underscores the potential of Thunderstruck’s mineral-rich portfolio and is expected to enhance the company’s exploration capabilities, positioning it favorably within the mining sector.
Spark’s Take on TSE:AWE Stock
According to Spark, TipRanks’ AI Analyst, TSE:AWE is a Underperform.
Thunderstruck Resources exhibits significant financial instability, with no revenue and consistent losses, heavily impacting its stock score. Technical indicators show slight upward momentum but are offset by valuation concerns, such as a negative P/E ratio and no dividend yield. The stock’s overall attractiveness remains low due to these compounding issues.
To see Spark’s full report on TSE:AWE stock, click here.
More about Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company focused on discovering high-value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits on the main island of Viti Levu in Fiji. The company offers investors exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold, and silver in a politically safe and stable jurisdiction.
Average Trading Volume: 37,801
Technical Sentiment Signal: Sell
Current Market Cap: C$2.14M
Learn more about AWE stock on TipRanks’ Stock Analysis page.