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C3 Metals ( (TSE:CCCM) ) has provided an update.
C3 Metals Inc. announced the results of its first drill hole at the Khaleesi copper project in Peru, revealing a significant intersection of 269 meters at 0.30% copper, including 60.4 meters at 0.41% copper. This initial drilling result indicates the potential for a large copper system, with mineralization extending under glacial till cover, suggesting a larger drill target area. The project is strategically positioned in a region with other large-scale copper operations, and further drilling is planned to explore the extent of the mineralization.
Spark’s Take on TSE:CCCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCCM is a Neutral.
C3 Metals’ stock score reflects significant financial difficulties and negative cash flow, countered by promising corporate events that could enhance its exploration capabilities. Despite technical indicators suggesting a positive trend, the negative valuation metrics weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:CCCM stock, click here.
More about C3 Metals
C3 Metals Inc. operates in the mining industry, focusing on the exploration and development of copper projects. The company is involved in the Khaleesi copper project located in the Andahuaylas-Yauri Belt in southeastern Peru, an area known for large copper skarn and porphyry deposits.
Average Trading Volume: 43,071
Technical Sentiment Signal: Buy
Current Market Cap: C$147.8M
For an in-depth examination of CCCM stock, go to TipRanks’ Overview page.