Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Churchill Resources Inc ( (TSE:CRI) ) has issued an update.
Churchill Resources has reported maiden intersections of high-grade antimony, along with gold and silver, over 800 metres of structural continuity around the historic Frost Cove Antimony Mine at its Black Raven Project in central Newfoundland, confirming a high-tenor, shear-hosted antimony zone that remains open along strike and at depth. The company also announced the discovery of a potentially extensive polymetallic gold-silver-lead-zinc system at Pomley Cove Pond, where trenching and initial drilling have intersected multiple high-grade veins in felsic volcanic rocks, supporting Churchill’s model that Black Raven may host a large, intrusive-related mineralized system with significant implications for the project’s scale and strategic metal potential as remaining drill results are released.
The most recent analyst rating on (TSE:CRI) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Churchill Resources Inc stock, see the TSE:CRI Stock Forecast page.
Spark’s Take on TSE:CRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRI is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses and cash burn, and declining equity). Technicals are moderately supportive with an overall uptrend and neutral momentum, and corporate events add a positive catalyst via strengthened funding and exploration progress, but valuation support is limited due to negative earnings and no dividend.
To see Spark’s full report on TSE:CRI stock, click here.
More about Churchill Resources Inc
Churchill Resources Inc. is a Toronto-based mineral exploration company focusing on the discovery and development of strategic and precious metal deposits, with current work concentrated on the Black Raven Project in central Newfoundland. Its activities target antimony, gold, silver and associated polymetallic mineralization within volcanic-plutonic structural settings that may host large-scale mineralized systems.
Average Trading Volume: 366,927
Technical Sentiment Signal: Buy
Current Market Cap: C$76.84M
For an in-depth examination of CRI stock, go to TipRanks’ Overview page.