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The latest update is out from Cerro de Pasco Resources Inc ( (TSE:CDPR) ).
Cerro de Pasco Resources Inc. has made significant progress in the Quiulacocha Tailings Reprocessing Project, advancing from Phase 1 to Phase 2. The project, crucial for both resource value and environmental benefits, has completed key technical and environmental assessments, positioning the company for further development. With recent regulatory advancements and full funding for Phase 2, the company is set to move into the feasibility phase, aiming to deliver a transformative project for shareholders and Peru.
Spark’s Take on TSE:CDPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CDPR is a Underperform.
Cerro de Pasco Resources Inc. faces significant financial challenges with negative profitability and high leverage, substantially impacting its overall stock score. While the stock’s valuation appears attractive with a low P/E ratio, the company’s financial instability poses a high risk. Technical indicators do not currently show strong momentum, contributing to a cautious outlook.
To see Spark’s full report on TSE:CDPR stock, click here.
More about Cerro de Pasco Resources Inc
Cerro de Pasco Resources Inc. operates in the mining industry, focusing on tailings reprocessing and remediation projects. The company is engaged in extracting valuable metals from tailings while addressing environmental concerns, primarily in Peru.
Average Trading Volume: 839,989
Technical Sentiment Signal: Buy
Current Market Cap: C$267.7M
For an in-depth examination of CDPR stock, go to TipRanks’ Overview page.