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Masivo Silver Corp. ( (TSE:MASS) ) has shared an update.
Masivo Silver Corp. has signed an option agreement to acquire the Cerro Colorado Gold, Copper, and Silver project in Sonora, Mexico, marking a significant milestone for the company. With permits in place, Masivo plans to commence drilling in May 2025, aiming to unlock the project’s potential. The agreement involves a series of payments and share issuances over four years, after which Masivo will gain full mining rights, subject to a 1.5% NSR. This strategic acquisition aligns with Masivo’s growth objectives and could strengthen its foothold in the mining sector.
Spark’s Take on TSE:MASS Stock
According to Spark, TipRanks’ AI Analyst, TSE:MASS is a Underperform.
Masivo Silver Corp. faces significant financial challenges with no revenue and ongoing losses, resulting in a low financial performance score. The technical analysis indicates some upward momentum, but caution is warranted due to overbought signals. Valuation is weak with a negative P/E ratio and no dividend yield. Overall, the stock score is low due to substantial financial and profitability concerns.
To see Spark’s full report on TSE:MASS stock, click here.
More about Masivo Silver Corp.
Masivo Silver Corp. operates in the mining industry, focusing on the exploration and development of precious metal projects, particularly gold, copper, and silver. The company is actively engaged in expanding its portfolio in key mining regions, such as Sonora, Mexico, to enhance its market position.
YTD Price Performance: 200.0%
Average Trading Volume: 163,977
Technical Sentiment Signal: Hold
Current Market Cap: C$3.69M
See more insights into MASS stock on TipRanks’ Stock Analysis page.