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An update from Sable Resources ( (TSE:SAE) ) is now available.
Sable Resources Ltd. announced the receipt of a $5 million payment from OR Royalties Inc. related to the TDG Gold Corp. royalty. This payment, triggered by successful drill results at the Greater Shasta-Newberry project, strengthens Sable’s financial position and supports its exploration and business development efforts. The company has received a total of $8.8 million from the royalty sale and may receive an additional $2 million if OR exercises its option for further royalties on Sable’s properties in British Columbia.
Spark’s Take on TSE:SAE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAE is a Neutral.
Sable Resources struggles with poor financial performance, characterized by persistent losses and negative equity. While technical analysis and corporate events offer some positive aspects, the negative valuation metrics and overall financial instability present significant risks, leading to a low overall stock score.
To see Spark’s full report on TSE:SAE stock, click here.
More about Sable Resources
Sable Resources Ltd. is a junior grassroots explorer focused on discovering Tier-One new precious metal and copper projects through systematic exploration in favorable mining jurisdictions. The company is actively developing its large portfolio of Greenfields projects, including the San Juan Regional Program in Argentina and several properties in British Columbia.
Average Trading Volume: 199,303
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.59M
See more data about SAE stock on TipRanks’ Stock Analysis page.