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
Nubian Resources ( (TSE:CPI) ) has provided an update.
Carlton Precious has reported encouraging rock chip sampling results from its Dunfee gold and silver project in Nevada, with assays returning up to 6.7 g/t gold and 493 g/t silver from mineralized quartz veins and waste dumps. On the back of these results and field observations, the company has staked an additional 30 lode claims, more than doubling the project’s size to 53 claims over roughly 430 hectares, and mapped at least five principal northwest-trending veins outcropping over more than a kilometre each, underscoring Dunfee’s potential to evolve from a passive investment into an active exploration asset in a prolific precious metals district.
The most recent analyst rating on (TSE:CPI) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Nubian Resources stock, see the TSE:CPI Stock Forecast page.
Spark’s Take on TSE:CPI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPI is a Neutral.
The score is held back mainly by weak financial performance—no revenue, ongoing losses, and consistent negative operating/free cash flow with worsening cash burn—despite a low-debt balance sheet. Technical indicators are a meaningful offset, showing bullish momentum with price above key moving averages and a positive MACD. Valuation is constrained by the negative P/E (loss-making) and lack of a dividend yield.
To see Spark’s full report on TSE:CPI stock, click here.
More about Nubian Resources
Carlton Precious Inc. is a mineral exploration company focused on gold and silver projects, with its flagship Dunfee project located in Nevada’s Walker Lane Gold Trend, a region known for significant historic and modern precious metals deposits. The company holds a 100% ownership interest in Dunfee on a royalty-free basis and had previously treated the property as an investment holding before advancing fieldwork there.
Average Trading Volume: 125,083
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$17.31M
For an in-depth examination of CPI stock, go to TipRanks’ Overview page.