TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
North Arrow Minerals ( (TSE:NAR) ) has issued an update.
North Arrow Minerals Inc. has completed the first phase of its 2025 RC drilling campaign at the Kraaipan Gold Project in Botswana, marking a significant step in exploring the underexplored Kraaipan Archean greenstone belt. The project, which uses advanced technology to overcome traditional exploration barriers, aims to identify new gold discoveries, with results from the initial drilling phase expected within 6 to 8 weeks. The ongoing exploration program is a joint venture with Rockman Resources Limited and represents a strategic move to secure a 60% interest in the project by 2027.
Spark’s Take on TSE:NAR Stock
According to Spark, TipRanks’ AI Analyst, TSE:NAR is a Neutral.
North Arrow Minerals has a challenging financial outlook with no revenue and persistent losses, impacting its overall score significantly. While technical indicators show positive momentum, the stock is overbought, warranting caution. The company’s strategic corporate actions may enhance future exploration success, but current financial instability and moderate valuation limit its appeal. The overall score reflects the balance of these factors, with significant weight given to financial performance and corporate events.
To see Spark’s full report on TSE:NAR stock, click here.
More about North Arrow Minerals
North Arrow Minerals Inc. is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project in Botswana. The company is known for its innovative exploration techniques and is led by a management team with significant global exploration and mining experience.
Average Trading Volume: 53,572
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.29M
For an in-depth examination of NAR stock, go to TipRanks’ Overview page.