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Libero Copper & Gold ( (TSE:CGNT) ) has issued an announcement.
Copper Giant Resources has filed an independent NI 43-101 technical report for its Mocoa project in Colombia, featuring an updated inferred mineral resource estimate that materially upgrades the scale and grade of the deposit. The new estimate outlines 12.7 billion pounds of copper-equivalent at an average grade of 0.51% CuEq within 1.12 billion tonnes, including 7.6 billion pounds of copper and 1.0 billion pounds of molybdenum, representing significant increases in tonnage, grade and contained metal versus the previous resource and underscoring Mocoa’s potential as a large, open-ended porphyry system with further exploration upside for stakeholders.
The most recent analyst rating on (TSE:CGNT) stock is a Hold with a C$0.55 price target. To see the full list of analyst forecasts on Libero Copper & Gold stock, see the TSE:CGNT Stock Forecast page.
Spark’s Take on TSE:CGNT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CGNT is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, widening losses, and significant cash burn) and a negative P/E, implying continued dependence on external financing. Offsetting factors include strong technical momentum (price above major moving averages with positive MACD) and a supportive stream of positive corporate events tied to Mocoa project progress and new funding.
To see Spark’s full report on TSE:CGNT stock, click here.
More about Libero Copper & Gold
Copper Giant Resources is a Vancouver-based mineral exploration company focused on developing its flagship Mocoa copper-molybdenum project in Putumayo, Colombia. The company operates in the base metals mining sector, targeting large-scale porphyry systems with an emphasis on copper and molybdenum resources that can support long-life projects leveraged to global demand for strategic metals.
Average Trading Volume: 1,274,225
Technical Sentiment Signal: Hold
Current Market Cap: C$80.59M
For detailed information about CGNT stock, go to TipRanks’ Stock Analysis page.