Silver Range Resources Identifies New Exploration Target at East Goldfield

Silver Range Resources ( (TSE:SNG) ) has issued an update.

Silver Range Resources has identified a new exploration drill target at its East Goldfield Property in Nevada, using historical drill data. The target, located near the Tom Keane Mine, shows promising gold intersections, simplifying future exploration efforts. The company plans further underground sampling and geological mapping to better define the potential of the area.

Spark’s Take on TSE:SNG Stock

According to Spark, TipRanks’ AI Analyst, TSE:SNG is a Underperform.

Silver Range Resources struggles with severe financial performance issues due to the absence of revenue and persistent losses, significantly weighing down its overall score. While technical indicators provide some stability, the valuation remains unattractive because of the negative earnings. The lack of any dividend yield further detracts from its appeal. These factors collectively result in a low overall stock score.

To see Spark’s full report on TSE:SNG stock, click here.

More about Silver Range Resources

Silver Range is a precious metals prospect generator operating in the Southwest United States and Northern Canada. The company has built a portfolio of 31 properties focused on precious metals exploration.

YTD Price Performance: -22.22%

Average Trading Volume: 22,994

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$8.34M

Learn more about SNG stock on TipRanks’ Stock Analysis page.