Luca Mining Corp. Reports Promising Drilling Results and Safety Milestone at Campo Morado

Altaley Mining Corporation ( (TSE:LUCA) ) has shared an update.

Luca Mining Corp. has announced the results of its first underground diamond drilling at the Campo Morado Polymetallic VMS mine in Guerrero State, Mexico, marking the first such exploration since 2014. The company has also achieved a significant safety milestone, with over one million hours worked without a lost-time injury at the Campo Morado operations. The drilling results have revealed new mineralized zones, indicating untapped mineral potential, and the company plans to continue its exploration efforts to expand near-mine resources and test district-wide targets.

Spark’s Take on TSE:LUCA Stock

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

Altaley Mining Corporation shows promising signs with improving profitability and a strong upward price trend. However, challenges in operational efficiency and cash flow generation hinder a higher score. The reasonable P/E ratio supports the stock’s current valuation. The absence of earnings call insights does not impact the score significantly, given the lack of data.

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

More about Altaley Mining Corporation

YTD Price Performance: 159.26%

Average Trading Volume: 1,181,194

Technical Sentiment Signal: Sell

Current Market Cap: C$344.3M

Find detailed analytics on LUCA stock on TipRanks’ Stock Analysis page.