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Pasinex Resources ( (TSE:PSE) ) has shared an update.
Pasinex Resources Limited reported a net loss of $2.7 million for 2024, primarily due to decreased production and sales volumes from its Horzum AS joint venture, impacted by legal disputes and inflationary pressures in Türkiye. The company has resolved a cease trade order by filing required financial documents and is progressing with the Sarikaya License, discovering a promising new ore face, which could enhance future operations.
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 operates in the mining industry, focusing primarily on the exploration and production of zinc. The company is involved in joint ventures and has operations in Türkiye, with a market focus on high-grade zinc products.
Average Trading Volume: 68,087
Technical Sentiment Signal: Buy
Current Market Cap: C$8.67M
See more data about PSE stock on TipRanks’ Stock Analysis page.