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AbraSilver Resource ( (TSE:ABRA) ) has provided an update.
AbraSilver Resource Corp. has announced promising assay results from its Phase V exploration program at the Diablillos project in Argentina. The latest drill holes have successfully extended the gold-bearing zone at Oculto East, indicating significant potential for resource growth beyond the current mineral resource outline. These developments underscore Oculto East as a critical area for exploration, with the potential to enhance the company’s mineral resource base and strengthen its market position.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on AbraSilver Resource stock, see the TSE:ABRA Stock Forecast page.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource’s overall score is heavily impacted by its financial struggles, particularly the lack of revenue and negative cash flow. However, strong corporate events and some positive technical indicators provide potential upside. The negative valuation metrics continue to weigh on the overall attractiveness of the stock.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a mining company operating in the precious metals industry, primarily focusing on the exploration and development of gold and silver resources. The company is actively engaged in expanding its mineral resource base at its wholly-owned Diablillos project in Argentina.
YTD Price Performance: 144.80%
Average Trading Volume: 280,277
Technical Sentiment Signal: Buy
Current Market Cap: C$934.8M
For detailed information about ABRA stock, go to TipRanks’ Stock Analysis page.