New Pacific Metals shares are trading lower after the company announced C$35 million in bought deal financing.
Portfolio Pulse from Benzinga Newsdesk
New Pacific Metals announced C$35 million in bought deal financing, leading to a decrease in its share prices.
September 26, 2023 | 2:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
New Pacific Metals' shares are trading lower after the company announced C$35 million in bought deal financing.
The announcement of the bought deal financing has led to a decrease in the share prices of New Pacific Metals. This is likely due to the dilution of shares that typically occurs with such financing deals, which can lead to a decrease in the value of existing shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100