New Pacific Metals Corp. (NEWP)
New Pacific Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration, and development of precious and base metal projects in the Americas, particularly in Bolivia. The company aims to advance its flagship Silver Sand project, which hosts a significant silver-rich polymetallic deposit. Founded with an emphasis on sustainable and responsible resource development, New Pacific Metals seeks to leverage its expertise and strategic partnerships to unlock value from its mineral assets.
Company News
New Pacific Metals Corp. announced a bought deal financing of 9.9 million common shares at C$3.55 per share, raising approximately C$35.1 million. Silvercorp Metals will participate by subscribing to 2,776,950 shares, which will represent about 28.05% of outstanding shares.
New Pacific Metals (NEWP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 400 points on Tuesday. The Dow traded down 1.19% to 33,601.60 while the NASDAQ fell 1.48% to 13,074.97. The S&P 500 also fell, dropping, 1.42% to 4,276.00. Check This Out: DraftKings To Rally Around 35%? Here Are 10 Other Analyst Forecasts For Tuesday  Lea...
