Scorpio Gold announces $3.5 million private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
0mins
Source: SeekingAlpha
Private Placement Announcement: Scorpio Gold plans to complete a non-brokered private placement to raise $3.5 million by issuing up to 43.75 million common shares at $0.08 each.
Use of Proceeds: The funds will be allocated for exploration in the Manhattan District and for corporate and general working capital needs.
Analyst Views on CA
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.020
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Current: 25.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
