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The latest update is out from Angkor Gold ( (TSE:ANK) ).
Angkor Resources Corp. has announced further analysis and conclusions on the drill core from its Andong Bor license in Cambodia. The recent drilling has revealed significant copper mineralization within the sedimentary rocks, with increased assay values near the reactive wallrock. This discovery will influence the design of future drilling programs, potentially leading to shallower and more mineralized intercepts, with plans to continue drilling into 2026.
Spark’s Take on TSE:ANK Stock
According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Underperform.
Angkor Gold’s overall score reflects significant financial difficulties, including no revenue generation, high leverage, and negative cash flows. While technical indicators show some upward momentum, the lack of profitability and dividends impacts its valuation. Recent corporate developments suggest potential growth opportunities, but financial challenges remain a primary concern.
To see Spark’s full report on TSE:ANK stock, click here.
More about Angkor Gold
Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada. Its mineral subsidiary, Angkor Gold Corp., holds exploration licenses for copper and gold in Cambodia, while its energy subsidiary, EnerCam Resources, is advancing oil and gas exploration in Cambodia. The company is also involved in oil and gas production and carbon capture projects in Canada.
Average Trading Volume: 76,592
Technical Sentiment Signal: Buy
Current Market Cap: C$54.5M
For a thorough assessment of ANK stock, go to TipRanks’ Stock Analysis page.