AbraSilver Resource ( (TSE:ABRA) ) has shared an update.
AbraSilver Resource Corp. announced a significant new copper discovery at its La Coipita project in Argentina, with drilling revealing a high-grade secondary enrichment zone within a large porphyry system. This discovery, operated by Teck Resources under a joint venture agreement, highlights the project’s potential in a major copper belt and marks a substantial step in unlocking the district’s value, with further assays pending.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource’s overall score is constrained by its significant financial struggles, particularly in terms of profitability and cash flow, which weigh heavily on its attractiveness. However, positive corporate events and some favorable technical indicators offer potential upside and mitigate some risks.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a company operating in the mining industry, focusing on the exploration and development of mineral properties. Its primary products include copper, gold, and molybdenum, with a market focus on large-scale porphyry systems in Argentina.
YTD Price Performance: 19.27%
Average Trading Volume: 174,374
Technical Sentiment Signal: Sell
Current Market Cap: $307.5M
Find detailed analytics on ABRA stock on TipRanks’ Stock Analysis page.