Hi-View Resources Expands Exploration Efforts in British Columbia

Hi-View Resources Inc ( (TSE:HVW) ) just unveiled an announcement.

Hi-View Resources Inc. has engaged APEX Geoscience Ltd. to conduct exploration programs on its Golden Stranger and Lawyers Group Projects in British Columbia. The exploration will focus on soil and rock sampling, with assay results guiding further drilling efforts. The company has also acquired additional mineral claims contiguous with its Lawyer’s East Claim Block. This strategic move aims to enhance Hi-View’s exploration potential near the AuRORA discovery, potentially strengthening its position in the mineral exploration industry.

Spark’s Take on TSE:HVW Stock

According to Spark, TipRanks’ AI Analyst, TSE:HVW is a Neutral.

Hi-View Resources Inc. faces significant financial challenges with no revenue and negative earnings. While the balance sheet is strong, persistent cash flow issues pose risks. Technical analysis indicates weak momentum, and valuation metrics are unattractive. However, strategic corporate events provide a glimmer of hope for future operational improvements, which could enhance the company’s outlook.

To see Spark’s full report on TSE:HVW stock, click here.

More about Hi-View Resources Inc

Hi-View Resources Inc. is a mineral exploration company focusing on gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada. The company owns properties spanning 9,749 hectares, including the Golden Stranger Property and the Lawyers East, West, and South claims. The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown promising results.

Average Trading Volume: 89,050

Technical Sentiment Signal: Sell

Current Market Cap: C$653.4K

For an in-depth examination of HVW stock, go to TipRanks’ Overview page.