Pacific Ridge Partners with Fiore Group and Appoints New Strategic Advisors

Pacific Ridge Exploration ( (TSE:PEX) ) has issued an update.

Pacific Ridge Exploration Ltd. has partnered with the Fiore Group to receive financial advisory and administrative services, aiming to enhance shareholder value. The company has also appointed Rob McLeod and Ryan Weymark as strategic advisors to explore new growth opportunities. Additionally, Pacific Ridge has granted stock options to various stakeholders, reflecting its commitment to incentivize and align interests with its strategic goals.

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 firm. Its flagship asset is the Kliyul copper-gold project, and it also holds other copper-gold projects such as RDP, Chuchi, Onjo, and Redton, all located in British Columbia.

Average Trading Volume: 60,786

Technical Sentiment Signal: Sell

Current Market Cap: C$3.44M

Learn more about PEX stock on TipRanks’ Stock Analysis page.