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Nickel North Exploration ( (TSE:NNX) ) just unveiled an update.
Nickel North Exploration has received final laboratory assay results from 205 soil samples at its Hawk Ridge project in northern Québec, confirming strong copper, nickel and precious metal anomalies and validating earlier handheld XRF readings. The high-precision analyses identified significant palladium, platinum and gold values, verified high-grade copper and anomalous nickel, and revealed a strong correlation between copper and palladium that the company plans to use as a pathfinder for high-grade sulphide mineralization. The assays refine and expand targets across key zones such as Falco 7, Gamma, Hope Advance, Pio and Lucille, support the geological model of extensive sulphide saturation, and will be integrated with existing geological and geophysical data to update mineralization models and delineate priority targets for upcoming drilling and field programs at Hawk Ridge.
The most recent analyst rating on (TSE:NNX) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Nickel North Exploration stock, see the TSE:NNX Stock Forecast page.
Spark’s Take on TSE:NNX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NNX is a Neutral.
The score is held down primarily by very weak fundamentals (no revenue, ongoing losses/cash burn, and a highly stressed balance sheet with negative equity and debt). Technicals provide only modest support (price above key moving averages but negative MACD), while corporate events are a partial offset due to improved funding and exploration progress; valuation remains unfavorable/unclear due to negative earnings and no dividend.
To see Spark’s full report on TSE:NNX stock, click here.
More about Nickel North Exploration
Nickel North Exploration Corp. is a Vancouver-based mineral exploration company focused on its 100%-owned Hawk Ridge Copper-Nickel-PGE-Gold project in northern Québec. The company is targeting magmatic nickel-copper-platinum group element sulphide deposits across multiple zones along a 50 km mafic-ultramafic intrusion, with an emphasis on polymetallic mineralization including copper, nickel, cobalt, palladium, platinum and gold.
Average Trading Volume: 89,987
Technical Sentiment Signal: Sell
Current Market Cap: C$2.64M
See more data about NNX stock on TipRanks’ Stock Analysis page.