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The latest update is out from Arizona Sonoran Copper Co. ( (TSE:ASCU) ).
Arizona Sonoran Copper Company has released an updated Mineral Resource Estimate for its Cactus Project, indicating a significant increase in measured and indicated copper resources to 11 billion pounds, with 75% being leachable material. The update reflects successful drilling and resource conversion efforts, enhancing the project’s economic potential and advancing it towards a Pre-Feasibility Study expected by the end of 2025.
The most recent analyst rating on (TSE:ASCU) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Arizona Sonoran Copper Co. stock, see the TSE:ASCU Stock Forecast page.
Spark’s Take on TSE:ASCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASCU is a Neutral.
Arizona Sonoran Copper Co., Inc. has promising project developments and strategic investments supporting its future potential, reflected in a strong corporate events score. However, the lack of revenue, persistent losses, and negative cash flows weigh heavily on its financial performance score. Technical indicators show positive momentum, but valuation concerns remain due to ongoing losses and no dividend yield.
To see Spark’s full report on TSE:ASCU stock, click here.
More about Arizona Sonoran Copper Co.
Arizona Sonoran Copper Company Inc. operates in the mining industry, focusing on copper extraction. The company is engaged in the development of the Cactus Project, a brownfield copper mining operation located in Arizona, USA, with a focus on leachable copper resources.
Average Trading Volume: 214,363
Technical Sentiment Signal: Buy
Current Market Cap: C$451.4M
See more insights into ASCU stock on TipRanks’ Stock Analysis page.