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The latest update is out from Pacific Ridge Exploration ( (TSE:PEX) ).
Pacific Ridge Exploration Ltd. provided an update on its ongoing drill program at the RDP copper-gold project in British Columbia. The 2025 drill program aims to confirm the mineralization at the Day target, with recent drilling extending the known mineralization and confirming the tabular geometry of the porphyry copper-gold-silver deposits. This progress could enhance the company’s position in the copper exploration industry and potentially benefit stakeholders by increasing resource estimates.
Spark’s Take on TSE:PEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEX is a Underperform.
Pacific Ridge Exploration faces significant financial challenges with persistent net losses and negative cash flow. The technical analysis shows a bearish trend, compounding the company’s valuation concerns. While the recent capital raise is a positive step, it does not offset the broader financial and operational difficulties, resulting in a low overall stock score.
To see Spark’s full report on TSE:PEX stock, click here.
More about Pacific Ridge Exploration
Pacific Ridge Exploration Ltd. is a Fiore Group company focused on becoming British Columbia’s leading copper exploration company. Its flagship project is the Kliyul copper-gold project, located in the Quesnel terrane, and its portfolio includes several other copper-gold projects in British Columbia, such as the RDP, Chuchi, Onjo, and Redton projects.
Average Trading Volume: 83,683
Technical Sentiment Signal: Sell
Current Market Cap: C$7.68M
Learn more about PEX stock on TipRanks’ Stock Analysis page.