An update from Peregrine Gold Ltd. ( ($AU:PGD) ) is now available.
Peregrine Gold Ltd. has announced the sale of its Deadman Flat and Perry Creek Project to Capricorn Metals Ltd. for A$1.5 million in shares, alongside potential milestone payments and royalties. This strategic transaction enhances Peregrine’s financial position, allowing the company to focus on further exploration in the lucrative Tin Can Trend, benefiting from its shareholders’ exposure to Capricorn, a leading gold producer.
More about Peregrine Gold Ltd.
Peregrine Gold Ltd., listed on the ASX under the ticker PGD, operates in the gold exploration and mining industry. The company focuses on developing its gold projects, including the Newman Gold Project, and is actively pursuing exploration in the Tin Can Trend, aiming to capitalize on high gold prices.
YTD Price Performance: -3.57%
Average Trading Volume: 58,485
Technical Sentiment Consensus Rating: Hold
For detailed information about PGD stock, go to TipRanks’ Stock Analysis page.
