TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Prisma Exploration Inc ( (TSE:GFT) ) has shared an update.
Grafton Resources, a company listed on the Canadian Securities Exchange, has entered into a framework agreement to acquire a 100% interest in the Alicahue Copper Project in Chile. This project, located in the Valparaiso Region, covers 3,500 hectares and is surrounded by major mining companies. The agreement positions Grafton Resources to potentially expand its operations in a region known for significant copper deposits. The project has shown promising geological and geochemical indicators of copper and gold mineralization, suggesting potential for a classic porphyry deposit. The option agreement includes a five-year exploration timeline with a commitment of US$4 million in expenditures and an exercise payment of US$3 million, with the vendor retaining a 2% net smelter returns royalty.
Spark’s Take on TSE:GFT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFT is a Underperform.
Prisma Exploration Inc. shows significant financial instability, with high leverage and negative cash flows. Technical indicators reflect low market momentum, and the lack of earnings makes valuation challenging. These factors combine to create a high-risk stock profile.
To see Spark’s full report on TSE:GFT stock, click here.
More about Prisma Exploration Inc
Average Trading Volume: 19,492
Technical Sentiment Signal: Buy
Learn more about GFT stock on TipRanks’ Stock Analysis page.