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Colibri Resource ( (TSE:CBI) ) just unveiled an announcement.
Colibri Resource Corporation has resumed reverse circulation drilling at the Plomo area of its wholly owned EP Gold Project in Sonora, Mexico, continuing a systematic, first-pass exploration program targeting multiple gold-bearing structures that have seen minimal historical drilling. Following an initial 11-hole, 906-metre campaign at the San Perfecto and Banco de Oro targets in December, for which assay results are pending, the company plans a further six to ten holes to expand testing across priority targets in Plomo, underscoring a staged, data-driven approach aimed at advancing the project within a region that hosts operations run by major players such as Fresnillo, Agnico Eagle, Osisko Development, Minera Alamos and Aztec Minerals.
The most recent analyst rating on (TSE:CBI) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Colibri Resource stock, see the TSE:CBI Stock Forecast page.
Spark’s Take on TSE:CBI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBI is a Neutral.
The score is held back primarily by weak financial performance (no reported revenue, ongoing losses, and negative operating/free cash flow). Technicals are supportive with a clear uptrend, though overbought signals raise near-term risk. Corporate events add a modest positive due to fresh funding and drilling progress, while valuation is limited by negative earnings and no dividend.
To see Spark’s full report on TSE:CBI stock, click here.
More about Colibri Resource
Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company focused on the acquisition, exploration and development of precious metal properties, with an emphasis on gold exploration in Sonora, Mexico. The company holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project, and a 60% interest in the Diamante Project.
Average Trading Volume: 34,504
Technical Sentiment Signal: Buy
Current Market Cap: C$9.08M
Learn more about CBI stock on TipRanks’ Stock Analysis page.