Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Renforth Resources ( (TSE:RFR) ) just unveiled an update.
Renforth Resources has completed a $200,000 flow-through financing at $0.02 per share to fund drilling at its Victoria polymetallic deposit near Malartic, Québec, and expects an additional closing of common share units by mid-January. The company is awaiting platinum and palladium assay results from 99 core samples that could support inclusion of these metals in the next Victoria resource estimate, and is permitting roughly 1,000 metres of drilling to undercut and extend promising prior holes that intersected notable copper and nickel grades, potentially expanding mineralization beyond current models; all resolutions at its December 15 annual general meeting were approved, reinforcing shareholder support as it advances exploration.
The most recent analyst rating on (TSE:RFR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Renforth Resources stock, see the TSE:RFR Stock Forecast page.
Spark’s Take on TSE:RFR Stock
According to Spark, TipRanks’ AI Analyst, TSE:RFR is a Neutral.
The score is primarily held down by weak financial performance: no revenue, ongoing losses, sustained negative free cash flow, and a weakened capital position with negative equity. Technical indicators are mostly neutral and do not offset the fundamental financing risk, while valuation inputs are constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:RFR stock, click here.
More about Renforth Resources
Renforth Resources Inc. is a junior exploration and development company focused on advancing gold and polymetallic projects in Québec’s Abitibi mining district. Its flagship asset is the wholly owned Parbec Gold Deposit adjacent to Agnico Eagle’s Canadian Malartic mine, hosting open-pit constrained gold resources in the Measured, Indicated, and Inferred categories. The company also controls the district-scale Malartic Metals Package, including the Victoria Polymetallic Deposit, which carries an initial NI 43-101 inferred open-pit resource with nickel-equivalent and additional copper, zinc, cobalt and platinum-group element potential, supported by road access, hydro power and proximity to established mining infrastructure.
Average Trading Volume: 186,331
Technical Sentiment Signal: Hold
Current Market Cap: C$7.71M
For a thorough assessment of RFR stock, go to TipRanks’ Stock Analysis page.