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Pasinex Resources ( (TSE:PSE) ) has issued an update.
Pasinex Resources Limited has announced a Share Transfer and Settlement Agreement to consolidate 100% ownership of Horzum A.Ş., which includes the Pinargözü zinc mine and other licenses in Türkiye. This strategic move is expected to streamline decision-making and support further exploration and production, enhancing the company’s operational efficiency and growth potential. The agreement also includes production-linked payments to Kurmel Holding, aligning payments with performance and clearing past uncertainties, thus positioning Pasinex for sustainable growth and long-term value creation.
Spark’s Take on TSE:PSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Underperform.
Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.
To see Spark’s full report on TSE:PSE stock, click here.
More about Pasinex Resources
Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada. It operates through its subsidiary, Pasinex Arama, owning 50% of Horzum AŞ, which manages the Pinargozu zinc mine in Türkiye. The company also holds a 51% interest in the Gunman Project in Nevada and has an option to acquire a 100% interest in the Sarikaya license in Kays.
Average Trading Volume: 83,651
Technical Sentiment Signal: Buy
Current Market Cap: C$11.56M
See more data about PSE stock on TipRanks’ Stock Analysis page.