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An update from Pacific Ridge Exploration ( (TSE:PEX) ) is now available.
Pacific Ridge Exploration Ltd. has signed Exploration Agreements with the Takla Nation for its Kliyul and RDP copper-gold projects in Northcentral British Columbia. These agreements aim to foster a collaborative relationship, enhancing communication and cooperation as the projects advance. The Kliyul project, which is 100% owned by Pacific Ridge, hosts significant inferred mineral resources and remains open for expansion, while the RDP project has recently recorded its best drilling intercept, indicating promising exploration potential.
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 focused on becoming British Columbia’s leading copper exploration company. Its flagship project is the Kliyul copper-gold project located in the Quesnel Terrane, with additional projects including RDP, Chuchi, Onjo, and Redton copper-gold projects, all situated in British Columbia.
Average Trading Volume: 687,177
Technical Sentiment Signal: Sell
Current Market Cap: C$14.4M
Learn more about PEX stock on TipRanks’ Stock Analysis page.