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Big Red Mining Corp ( (TSE:ATMY) ) just unveiled an update.
Antimony Resources Corp. has filed a NI 43-101 Technical Report for its Bald Hill Antimony Project, indicating a potential doubling of the deposit’s size to 2.7 million tonnes with a grade of 3% to 4% antimony. The ongoing drilling program aims to further define and expand the deposit, with the potential to establish a Maiden Resource, enhancing the company’s position in the antimony market.
Spark’s Take on TSE:ATMY Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATMY is a Neutral.
Big Red Mining Corp’s overall stock score is weighed down by its poor financial performance, with no revenue and significant cash outflows. While technical indicators show some short-term bullish momentum, the lack of valuation metrics and financial stability remains a concern. Positive corporate events provide some optimism, but the overall outlook remains cautious.
To see Spark’s full report on TSE:ATMY stock, click here.
More about Big Red Mining Corp
Antimony Resources Corp. is a company operating in the mining industry, focusing on the exploration and development of antimony properties. Its primary product is antimony, a metal used in various industrial applications. The company is currently concentrating its efforts on the Bald Hill Antimony Project in New Brunswick, Canada.
Average Trading Volume: 470,860
Technical Sentiment Signal: Buy
Current Market Cap: C$35.2M
For an in-depth examination of ATMY stock, go to TipRanks’ Overview page.