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The latest update is out from Sasquatch Resources Corp. ( (TSE:SASQ) ).
Sasquatch Resources Corp. has completed the acquisition of the Santana mineral claim on Quadra Island, British Columbia, which includes historical data of copper, silver, and gold mining activities. The company plans to conduct systematic sampling to assess the mineral potential of waste rock piles in the area. Additionally, Sasquatch has extended its option period for the Blue Grouse Property by three years, enhancing its strategic positioning and exploration opportunities in the region.
Spark’s Take on TSE:SASQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SASQ is a Neutral.
Sasquatch Resources Corp.’s stock is under significant pressure due to its financial challenges, including lack of revenue and shrinking cash reserves. The absence of debt offers flexibility, but the company must secure additional funds or achieve operational success to improve its financial standing. Technical indicators suggest stability, while the recent corporate event of a private placement shows potential for future growth, albeit with risks.
To see Spark’s full report on TSE:SASQ stock, click here.
More about Sasquatch Resources Corp.
Sasquatch Resources Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in acquiring and managing claims with potential for copper, silver, gold, and zinc extraction, primarily in British Columbia, Canada.
Average Trading Volume: 29,509
Technical Sentiment Signal: Strong Buy
For a thorough assessment of SASQ stock, go to TipRanks’ Stock Analysis page.