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Forsys Metals ( (TSE:FSY) ) has provided an announcement.
Forsys Metals reported additional positive drilling results from its extension and exploration program at the Valencia deposit, part of the Norasa Uranium project, highlighting continued success in both infill and resource extension drilling. Recent work across the Valencia Main pit and its South, West, Jolie Zone and East satellite areas has intersected multiple zones of uranium mineralisation, supporting efforts to expand and upgrade resources into higher-confidence categories, extend the main pit to the west by about 150 metres, and demonstrate continuity of mineralisation over hundreds of metres. Management says the program, now concluded, has improved geological understanding and confidence in the resource base, reinforcing the project’s potential scale and future mine-planning options for stakeholders.
The most recent analyst rating on (TSE:FSY) stock is a Hold with a C$0.42 price target. To see the full list of analyst forecasts on Forsys Metals stock, see the TSE:FSY Stock Forecast page.
Spark’s Take on TSE:FSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:FSY is a Neutral.
The score is held down primarily by weak fundamentals (pre-revenue profile, ongoing losses, and persistent cash burn) and limited valuation support from a negative P/E and no dividend. Offsetting this, technical indicators show improving short-term momentum, and the debt-free balance sheet reduces financial risk.
To see Spark’s full report on TSE:FSY stock, click here.
More about Forsys Metals
Forsys Metals Corp. is a uranium-focused exploration and development company listed in Toronto, Frankfurt and Namibia, advancing its Norasa Uranium project in Namibia. The company’s activities centre on delineating and upgrading uranium resources at its key deposits, with the objective of supporting future mine planning and potential production in a sector sensitive to long-term nuclear fuel demand.
Average Trading Volume: 836,462
Technical Sentiment Signal: Sell
Current Market Cap: C$106.5M
See more insights into FSY stock on TipRanks’ Stock Analysis page.