Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Benton Resources ( (TSE:BEX) ) has issued an announcement.
Benton Resources has identified a new high-priority drill target near the Great Burnt Copper Deposit and expanded the gold-bearing horizon at the South Pond Deposit to 2.7 km. The company plans further exploration, including trenching and drilling, to assess the potential of these areas. This expansion and exploration effort aims to define a new gold-copper resource, enhancing Benton’s district-scale potential and potentially impacting its market positioning.
Spark’s Take on TSE:BEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Underperform.
Benton Resources’ stock is significantly weighed down by financial and valuation challenges, including zero revenue and ongoing losses. While the company’s strong equity and recent corporate strategies offer some hope, negative cash flows and weak technical indicators result in a low overall score.
To see Spark’s full report on TSE:BEX stock, click here.
More about Benton Resources
Benton Resources Inc. is a mineral exploration company focused on discovering and developing gold and copper deposits. The company operates primarily in the Thunder Bay region of Ontario, with a significant interest in the Great Burnt Copper Deposit and the South Pond Deposit.
Average Trading Volume: 181,794
Technical Sentiment Signal: Sell
Current Market Cap: C$11.36M
Find detailed analytics on BEX stock on TipRanks’ Stock Analysis page.