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An update from Prospect Ridge Resources Corp. ( (TSE:PRR) ) is now available.
Prospect Ridge Resources has reported final 2D inversion results from an induced polarization (IP) survey at its Excalibur copper-gold porphyry project in British Columbia, identifying a roughly 1 km by 2 km geophysical target defined by coincident chargeability, resistivity and magnetic anomalies that align with previously outlined copper-in-soil anomalies. Company management and technical advisors say the integrated geophysical and geochemical data outline a classic porphyry-style system with a pyrite-rich halo and magnetite-bearing core, and Prospect Ridge now plans a minimum 2,000-metre diamond drilling program, expected to start as early as June 2026 pending permitting and weather, in a bid to test a target that has never before been drilled and potentially advance the project’s exploration profile.
The most recent analyst rating on (TSE:PRR) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Prospect Ridge Resources Corp. stock, see the TSE:PRR Stock Forecast page.
Spark’s Take on TSE:PRR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRR is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue operations, ongoing losses, and negative free cash flow indicating funding dependence). Technicals are a positive contributor with the stock trading above key moving averages and a positive MACD, though momentum indicators look stretched. Valuation provides limited support given the negative P/E and lack of dividend yield data.
To see Spark’s full report on TSE:PRR stock, click here.
More about Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a mineral exploration company focused on copper-gold calc-alkaline porphyry targets in British Columbia. Its 100%-owned Excalibur Property, subject to option payments and a net smelter return royalty, comprises 13 contiguous mineral claims over 27.71 square kilometres in a road-accessible area northeast of Smithers and Hazelton, positioning the company within a region known for significant past-producing porphyry mines and deposits.
Average Trading Volume: 94,487
Technical Sentiment Signal: Sell
Current Market Cap: C$9.58M
For an in-depth examination of PRR stock, go to TipRanks’ Overview page.