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Metals Creek Resources ( (TSE:MEK) ) has issued an update.
Metals Creek Resources Corp. announced significant drill results from its Tillex Copper Project in Ontario, revealing a 98.20-meter intercept with 1.82% copper and 13.17 g/t silver. These results, including high-grade intervals, suggest more consistent copper mineralization than previously thought, potentially enhancing the project’s value and the company’s position in the mining industry.
Spark’s Take on TSE:MEK Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.
Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.
To see Spark’s full report on TSE:MEK stock, click here.
More about Metals Creek Resources
Metals Creek Resources Corp. is a junior exploration company based in Ontario, Canada, primarily focused on mineral exploration. The company holds a 50% interest in the Ogden Gold Property and has several other projects available for option, with its shares listed on the TSX Venture Exchange under the symbol ‘MEK’.
Average Trading Volume: 92,634
Technical Sentiment Signal: Sell
Current Market Cap: C$4.67M
Find detailed analytics on MEK stock on TipRanks’ Stock Analysis page.