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Pacific Ridge Exploration ( (TSE:PEX) ) just unveiled an announcement.
Pacific Ridge Exploration Ltd. announced significant drilling results from its Kliyul copper-gold project, with drill hole KLI-25-070 intersecting 289 meters of 0.77% copper-equivalent, marking one of the best intervals recorded at the Kliyul Main Zone. This drilling success not only fills a previous gap but also extends mineralization 110 meters to the west, enhancing the project’s resource potential and positioning the company for further exploration and expansion in 2026.
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 company operating in the mining industry, focusing on the exploration and development of copper and gold resources. The company is primarily engaged in projects located in the Quesnel terrane in Northcentral British Columbia, with a market focus on expanding its mineral resource base.
Average Trading Volume: 699,113
Technical Sentiment Signal: Sell
Current Market Cap: C$8.06M
For detailed information about PEX stock, go to TipRanks’ Stock Analysis page.