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Probe Metals ( (TSE:PRB) ) has issued an announcement.
Probe Gold Inc. announced promising results from its infill drilling program at the Novador project in Quebec, with gold grades reaching up to 20.4 g/t Au over 5.5 metres. These results are expected to support the upcoming 2025 Pre-Feasibility Study, contributing to resource conversion and highlighting the expansion potential of the project. The company is making progress in permitting, resource growth, and mine plan optimization, positioning Novador as a leading gold development project.
The most recent analyst rating on (TSE:PRB) stock is a Buy with a C$4.75 price target. To see the full list of analyst forecasts on Probe Metals stock, see the TSE:PRB Stock Forecast page.
Spark’s Take on TSE:PRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRB is a Neutral.
Probe Metals faces significant financial risks due to a lack of revenue and consistent losses, which are the primary drivers of the low score. However, positive corporate events, such as promising exploration results and successful financing, provide a potential growth outlook. Technical analysis indicates mixed momentum, while the valuation remains unattractive. Overall, the score reflects the current financial challenges but acknowledges future growth opportunities in exploration.
To see Spark’s full report on TSE:PRB stock, click here.
More about Probe Metals
Probe Gold Inc. operates in the mining industry, focusing on gold exploration and development. The company is engaged in advancing its Novador project in Quebec, which is a significant part of its portfolio aimed at establishing a top-tier gold development project.
Average Trading Volume: 138,140
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$503.9M
For a thorough assessment of PRB stock, go to TipRanks’ Stock Analysis page.