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An announcement from AbraSilver Resource ( (TSE:ABRA) ) is now available.
AbraSilver Resource Corp. announced promising assay results from its ongoing Phase V exploration at the Diablillos project in Argentina. The results revealed significant high-grade gold mineralization at Oculto East and confirmed the presence of a gold-copper porphyry system at Cerro Viejo. These findings suggest strong growth potential for the project, enhancing the company’s position in the mining industry.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$9.00 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 engaged in the exploration and development of precious metal projects, primarily focusing on gold and silver. The company operates the Diablillos project in Argentina, aiming to expand its high-grade mineral resources.
Average Trading Volume: 522,972
Technical Sentiment Signal: Buy
Current Market Cap: C$1.1B
See more data about ABRA stock on TipRanks’ Stock Analysis page.