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The latest announcement is out from Angkor Gold ( (TSE:ANK) ).
Angkor Resources is ramping up exploration on its Andong Meas licence in Cambodia, launching a trenching, sampling and assay program on the newly defined CZ Gold prospect, where artisanal activity and placer-mined creek sediments have highlighted gold mineralisation along a 47‑metre underground incline. In parallel, the company is preparing a drill program at the nearby Wild Boar prospect, where previous trenching and sampling of quartz veins and float have expanded a gold anomaly to roughly 1.5 by 1.2 kilometres, signaling a potentially significant gold system that could enhance Angkor’s exploration pipeline and strengthen its positioning in Cambodia’s emerging gold sector.
The most recent analyst rating on (TSE:ANK) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Angkor Gold stock, see the TSE:ANK Stock Forecast page.
Spark’s Take on TSE:ANK Stock
According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, losses, cash burn) and leverage risk, partially offset by constructive technical trend/momentum and a series of positive corporate updates aimed at improving funding flexibility and advancing exploration plans.
To see Spark’s full report on TSE:ANK stock, click here.
More about Angkor Gold
Angkor Resources Corp., listed on the TSX Venture Exchange, is a Cambodia-focused resource company with diversified interests in minerals and energy across Canada and Cambodia. Through its Cambodian mineral subsidiary Angkor Gold Corp., it holds two exploration licences hosting multiple copper and gold prospects, while its EnerCam Resources Cambodia unit operates a large onshore oil and gas block (Block VIII) as part of efforts to establish Cambodia as an oil and gas producer. Since 2022, its Canadian subsidiary EnerCam Exploration Ltd. has been involved in oil and gas production in Saskatchewan with a focus on gas capture, carbon conservation and broader environmental and social initiatives.
Average Trading Volume: 64,189
Technical Sentiment Signal: Buy
Current Market Cap: C$66.89M
Learn more about ANK stock on TipRanks’ Stock Analysis page.