Palisades Goldcorp Ltd. ( (TSE:PALI) ) has provided an update.
Palisades Goldcorp Ltd. announced that New Found Gold Corp., in which it holds a significant equity interest, has released its initial Mineral Resource Estimate for the Queensway Gold Project in Newfoundland and Labrador, Canada. This announcement marks a significant milestone for New Found Gold Corp., potentially enhancing its market position and offering potential value appreciation for Palisades’ investment portfolio.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies in the resource and mining sector. The company aims to acquire equity in pre-initial public offering and early-stage public resource companies with high-quality projects that are either undeveloped or undervalued. Palisades targets companies needing financial resources to reach their potential and operates in regions with low to moderate political risk. The company is listed on the TSX Venture Exchange under the symbol ‘PALI’ and holds a diverse portfolio, including a 21.63% interest in New Found Gold Corp.
YTD Price Performance: -5.84%
Average Trading Volume: 21,367
Technical Sentiment Signal: Buy
Current Market Cap: C$74.65M
For detailed information about PALI stock, go to TipRanks’ Stock Analysis page.