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Silver Range Resources ( (TSE:SNG) ) has issued an update.
Silver Range Resources Ltd. has announced the optioning of its Legal Tender property, a high-grade silver prospect in Nevada, to Rush Gold Corp. The property, located in the historic Republic Mining District, features significant silver and gold mineralization. Rush Gold can acquire a 100% interest by making payments and completing drilling, while Silver Range retains a net smelter return royalty and a resource payment. This agreement could enhance Silver Range’s industry positioning by leveraging its exploration assets and securing potential future revenue streams.
Spark’s Take on TSE:SNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:SNG is a Neutral.
Silver Range Resources’ overall stock score is hindered by severe financial performance issues, with zero revenue and persistent losses. While technical indicators are stable, the negative valuation metrics and absence of dividends detract from its appeal. Recent corporate events provide potential growth opportunities, but the company’s financial health remains a primary concern.
To see Spark’s full report on TSE:SNG stock, click here.
More about Silver Range Resources
Silver Range Resources Ltd. is a precious metals prospect generator operating in the Southwest United States and Northern Canada. The company has a portfolio of 34 properties, with 12 currently optioned to others, and retains 9 royalty interests on previously vended projects. Silver Range is actively seeking joint venture partners to explore high-grade precious metals targets.
Average Trading Volume: 72,535
Technical Sentiment Signal: Buy
Current Market Cap: C$11.81M
For an in-depth examination of SNG stock, go to TipRanks’ Overview page.