Pacific Ridge Announces Initial Resource Estimate for Kliyul Project

Pacific Ridge Exploration ( (TSE:PEX) ) just unveiled an update.

Pacific Ridge Exploration Ltd. has announced an initial mineral resource estimate for the Kliyul Main Zone at its Kliyul copper-gold project in British Columbia. The estimate reveals significant inferred resources of copper, gold, and silver, positioning the company among a select group of B.C. copper exploration and development firms. This milestone is expected to enhance the company’s market value and attract investor interest as the mineralization remains open for expansion.

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. operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is engaged in projects located in the Quesnel terrane in Northcentral British Columbia, known for its prolific mineral deposits.

Average Trading Volume: 87,123

Technical Sentiment Signal: Sell

Current Market Cap: C$10.17M

For detailed information about PEX stock, go to TipRanks’ Stock Analysis page.