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Pasinex Resources ( (TSE:PSE) ) just unveiled an update.
Pasinex Resources has received approval from Türkiye’s General Directorate of Mining and Petroleum Affairs for full ownership of Horzum AS, which operates the Pinargözü zinc mine. The company plans a 1,000-metre development project to expand production capacity and access deeper zinc mineralization, aiming to extend the mine’s life and enhance shareholder value.
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 company operating in the mining industry, primarily focused on zinc production. The company owns the Pinargözü zinc mine in Adana Province, Türkiye, known for its high-grade zinc mineralization.
Average Trading Volume: 63,083
Technical Sentiment Signal: Buy
Current Market Cap: C$19.46M
See more data about PSE stock on TipRanks’ Stock Analysis page.