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Forge Resources ( (TSE:FRG) ) has shared an announcement.
Forge Resources has announced promising laboratory results from coal samples at its La Estrella project in Colombia, indicating a premium coal product with high calorific value and low sulphur content. This development underscores the project’s potential for large-scale extraction and commercialization, enhancing its value and positioning Forge Resources as a versatile supplier in both thermal and metallurgical coal markets.
The most recent analyst rating on (TSE:FRG) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Forge Resources stock, see the TSE:FRG Stock Forecast page.
More about Forge Resources
Forge Resources Corp. operates in the coal resource sector, focusing on the extraction and commercialization of high-quality coal products. The company is engaged in the development of the La Estrella coal project in Santander, Colombia, targeting both the high-BTU thermal coal market and the high volatility coking coal market for steel industry blends.
Average Trading Volume: 119,966
Technical Sentiment Signal: Sell
Current Market Cap: C$46.37M
See more insights into FRG stock on TipRanks’ Stock Analysis page.