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The latest announcement is out from Almadex Minerals ( (TSE:DEX) ).
Almadex Minerals Ltd. has commenced a diamond drilling program at its New Hope copper-gold porphyry prospect in Arizona, with initial results expected after the Christmas break. The company has also granted stock options to a director, reflecting its ongoing strategic initiatives to enhance shareholder value.
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 large mineral portfolio, including projects and NSR royalties in Canada, the U.S., and Mexico. The company is known for its extensive prospecting and deal-making history, and it owns several portable diamond drill rigs for cost-effective exploration drilling.
YTD Price Performance: 188.24%
Average Trading Volume: 58,600
Technical Sentiment Signal: Buy
Current Market Cap: C$29.98M
For an in-depth examination of DEX stock, go to TipRanks’ Overview page.