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Benton Resources ( (TSE:BEX) ) has shared an update.
Benton Resources has confirmed a new VMS-style copper discovery at the End Zone target within its South Pond Gold-Copper Project in Newfoundland, where two widely spaced drill holes intersected broad zones of stringer-style copper mineralization grading up to 1.6% Cu over 0.70 metres in altered volcanic rocks similar to those hosting the nearby Great Burnt copper deposit. The company also reported additional drill results from the South Pond Gold-Copper deposit that outline continuous gold and copper mineralized horizons and revealed anomalous nickel, chromium and cobalt values in the southernmost hole, prompting plans for follow-up drilling and underscoring the broader polymetallic potential of the property for investors and other stakeholders.
The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.
Spark’s Take on TSE:BEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing operating losses, and negative TTM cash flows), partially offset by a debt-free, equity-supported balance sheet. Technical indicators are neutral with mild longer-term support, while valuation cannot be meaningfully assessed due to missing P/E and dividend yield data.
To see Spark’s full report on TSE:BEX stock, click here.
More about Benton Resources
Benton Resources Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange that focuses on discovering and advancing base and precious metal projects, including copper- and gold-bearing volcanogenic massive sulphide (VMS) and related deposits, with a current exploration emphasis in Newfoundland.
Average Trading Volume: 262,668
Technical Sentiment Signal: Buy
Current Market Cap: C$25.63M
For detailed information about BEX stock, go to TipRanks’ Stock Analysis page.