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Pan American Energy ( (TSE:PNRG) ) has shared an announcement.
Pan American Energy has announced plans for a winter diamond drilling program at its optioned Tharsis Project in Canada’s Northwest Territories, targeting rare earth element and niobium mineralization associated with the Squalus Lake Alkaline Complex. The program will provide the first core-based subsurface test of geophysically defined intrusive centers and aims to validate whether magnetic anomalies correspond to carbonatite bodies and associated REE–Nb mineralization, a key step toward refining the geological model and advancing follow-up exploration at a strategically important critical-minerals asset.
The most recent analyst rating on (TSE:PNRG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Pan American Energy stock, see the TSE:PNRG Stock Forecast page.
Spark’s Take on TSE:PNRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNRG is a Neutral.
The score is primarily held down by weak financial performance (no revenue, widening losses, and continued cash burn despite low debt) and limited valuation support (negative P/E, no dividend). Technicals provide some offset with a strong uptrend, but overbought signals increase near-term risk.
To see Spark’s full report on TSE:PNRG stock, click here.
More about Pan American Energy
Pan American Energy Corp. is a North America-focused mineral exploration company specializing in the acquisition, exploration and development of properties containing battery and critical metals. The company currently holds a majority interest in the Big Mack Lithium Project in Ontario and has an option to acquire up to 100% of the Tharsis rare earth elements (REE) project in the Northwest Territories, which hosts the Squalus Lake Alkaline Complex, a carbonatite-bearing intrusion prospective for rare earth and high field strength elements.
YTD Price Performance: 55.13%
Average Trading Volume: 122,585
Technical Sentiment Signal: Hold
Current Market Cap: C$33.38M
For detailed information about PNRG stock, go to TipRanks’ Stock Analysis page.