Cerro de Pasco Resources to List on Lima Stock Exchange, Expanding Latin American Reach

The latest announcement is out from Cerro de Pasco Resources Inc ( (TSE:CDPR) ).

Cerro de Pasco Resources Inc. plans to pursue a secondary listing on the Lima Stock Exchange to expand its presence in Latin America and increase visibility among regional investors. This strategic move aims to improve access for regional investors, broaden the shareholder base, and enhance trading liquidity, aligning the company with the active mining equity market in Latin America. The listing will be facilitated by Kallpa Securities, a leading Peruvian investment firm, and is expected to be completed within two to three months, subject to regulatory approvals. This initiative is part of the company’s commitment to the Andean region, where its flagship asset is located, and aims to leverage the TSXV Passport Listing Process for efficiency.

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. is a company focused on the development of its El Metalurgista mining concession in central Peru. The company specializes in reprocessing and environmental remediation of historic mining waste, particularly silver-rich mineral tailings and stockpiles, to unlock value and support sustainable development.

Average Trading Volume: 706,275

Technical Sentiment Signal: Buy

Current Market Cap: C$170.8M

Find detailed analytics on CDPR stock on TipRanks’ Stock Analysis page.