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Granada Gold Mine Inc ( (TSE:GGM) ) has issued an update.
Granada Gold Mine Inc. has released a new structural interpretation for its Granada property that highlights higher structural complexity in the southern part of the site and along east-west extensions, supporting the definition of additional drill targets beyond the five known vein structures. With only about 20% of the two-kilometre east-west mineralized trend explored and the mineralization remaining open at depth, consultants have recommended an updated geological map, integrated LiDAR and magnetic data, and a more robust structural database to refine a 3D model, positioning the company to potentially expand its gold resource and strengthen the long-term development potential of the project.
The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Granada Gold Mine Inc stock, see the TSE:GGM Stock Forecast page.
Spark’s Take on TSE:GGM Stock
According to Spark, TipRanks’ AI Analyst, TSE:GGM is a Neutral.
The score is primarily constrained by weak financial fundamentals (no revenue, recurring losses, negative cash flow, and negative equity), with only modest support from technicals (negative MACD and trading below key moving averages). Corporate events provide a positive offset via exploration and governance initiatives, but valuation remains challenged due to ongoing losses and no dividend.
To see Spark’s full report on TSE:GGM stock, click here.
More about Granada Gold Mine Inc
Granada Gold Mine Inc. is a Canadian gold exploration and development company focused on its 100%-owned Granada Gold Property near Rouyn-Noranda, Quebec, adjacent to the prolific Cadillac Break. The company controls 14.73 square kilometres of mining leases and claims, where historical underground and open-pit operations have produced high-grade gold, and it is advancing a large-scale drill program to expand its resource base, which currently stands at 543,000 ounces of gold in Measured and Indicated resources and 456,000 ounces in Inferred resources under NI 43-101 standards.
Average Trading Volume: 173,872
Technical Sentiment Signal: Buy
Current Market Cap: C$8.26M
Learn more about GGM stock on TipRanks’ Stock Analysis page.