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The latest announcement is out from Pacific Ridge Exploration ( (TSE:PEX) ).
Pacific Ridge Exploration has filed an independent technical report for its Kliyul copper-gold project, revealing an inferred mineral resource estimate for the Kliyul Main Zone. The report highlights that the zone hosts 334.1 million tonnes of mineralization, containing significant amounts of copper, gold, and silver, with potential for further expansion. This development underscores the company’s strategic focus on expanding its resource base in a prolific mineral region, potentially enhancing its market position and attracting stakeholder interest.
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 mineral exploration industry, focusing primarily on copper and gold projects. The company is engaged in the exploration and development of mineral resources, with a significant focus on the Kliyul copper-gold project located in the Quesnel terrane in Northcentral British Columbia.
Average Trading Volume: 204,676
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$7.1M
See more insights into PEX stock on TipRanks’ Stock Analysis page.