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The latest announcement is out from Golden Arrow Resources ( (TSE:GRG) ).
Golden Arrow Resources has signed a definitive option agreement with Latin Metals Inc., granting the latter the option to acquire up to a 100% interest in the Huachi copper-gold property in Argentina. This agreement is part of Golden Arrow’s strategy to advance non-core assets, potentially benefiting the company and its shareholders by leveraging Latin Metals’ exploration efforts.
The most recent analyst rating on (TSE:GRG) stock is a Buy with a C$0.21 price target. To see the full list of analyst forecasts on Golden Arrow Resources stock, see the TSE:GRG Stock Forecast page.
Spark’s Take on TSE:GRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRG is a Neutral.
Golden Arrow Resources faces substantial financial hurdles with no revenue and negative cash flows, severely impacting its financial performance score. However, positive technical indicators and promising corporate developments at the San Pietro Project offset some concerns, providing a moderate outlook. Despite the technical momentum and potential resource expansion, the negative valuation and financial distress limit the overall score to 46.
To see Spark’s full report on TSE:GRG stock, click here.
More about Golden Arrow Resources
Golden Arrow Resources Corporation is a mining exploration company known for discovering and advancing precious and base metal deposits. The company is actively exploring its flagship San Pietro iron oxide-copper-gold-cobalt project in Chile and holds nearly 125,000 hectares of prospective properties in Argentina. It is part of the Grosso Group, a resource management group with a long history of exploration in Argentina.
Average Trading Volume: 39,425
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$7.62M
For an in-depth examination of GRG stock, go to TipRanks’ Overview page.