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AbraSilver Resource ( (TSE:ABRA) ) just unveiled an update.
AbraSilver Resource Corp. has submitted an application for its Diablillos silver-gold project to be included under Argentina’s Large Investment Incentive Regime (RIGI). This federal framework aims to attract major development projects by offering fiscal stability and various economic benefits. Approval under RIGI is expected to enhance the project’s economics and investment certainty, marking a significant milestone as the project progresses towards a construction decision.
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 an advanced-stage exploration company focused on advancing its 100%-owned Diablillos silver-gold project in Salta province, Argentina. The company boasts a significant mineral resource estimate and potential for further exploration upside. It is led by an experienced management team and has a joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina. AbraSilver is listed on the Toronto Stock Exchange and the OTCQX market in the U.S.
Average Trading Volume: 524,288
Technical Sentiment Signal: Buy
Current Market Cap: C$1.14B
For a thorough assessment of ABRA stock, go to TipRanks’ Stock Analysis page.