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The latest update is out from Almadex Minerals ( (TSE:DEX) ).
Almadex Minerals Ltd. announced the completion of a gold loan repayment by Almaden Minerals Ltd., involving the return of 397 ounces of gold and a payment of USD$5,194,354, settled with approximately 1,553 ounces of gold bullion. This repayment enhances Almadex’s gold holdings to approximately 1,950 ounces, potentially strengthening its financial position and operational capabilities in the mineral exploration industry.
Spark’s Take on TSE:DEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEX is a Neutral.
Almadex Minerals’ stock score is primarily impacted by financial instability, highlighted by declining revenues and negative cash flows. The strong balance sheet and favorable valuation due to a low P/E ratio provide some support. While technical indicators show moderate strength, the stock’s future performance is contingent on overcoming financial challenges and capitalizing on recent exploration successes.
To see Spark’s full report on TSE:DEX stock, click here.
More about Almadex Minerals
Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio, including projects and NSR royalties in Canada, the U.S., and Mexico. The company is known for its in-house cost-effective exploration drilling capabilities, facilitated by its ownership of portable diamond drill rigs.
Average Trading Volume: 51,633
Technical Sentiment Signal: Buy
Current Market Cap: C$20.13M
For detailed information about DEX stock, go to TipRanks’ Stock Analysis page.