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The latest announcement is out from Stellar AfricaGold ( (TSE:SPX) ).
Stellar AfricaGold has reported progress on its diamond drilling campaign at the Tichka Est Gold Project in Morocco, completing eight drill holes totaling 1,311.9 metres as part of a planned 1,500-metre program, with five holes fully assayed and several core samples at or en route to an ISO-certified lab in Marrakech. Operations have been temporarily suspended due to unusually severe rain and snowfall that have damaged access roads and impeded logistics, but the company emphasizes that its structural model and the potential to expand mineralized zones, particularly within and beyond the Zone B corridor, remain strong, and it plans to resume drilling, update geological models, and prioritize targets for the next drill campaign once conditions allow, a trajectory that could materially advance delineation of the project’s mineral potential for stakeholders.
The most recent analyst rating on (TSE:SPX) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Stellar AfricaGold stock, see the TSE:SPX Stock Forecast page.
Spark’s Take on TSE:SPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPX is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, widening losses, and ongoing cash burn) and bearish technical signals (trading below major moving averages with negative MACD). Offsetting these negatives, recent corporate events (financing, JV partner funding, and positive drill results) improve funding visibility and project optionality, but not enough to outweigh the current fundamentals and trend.
To see Spark’s full report on TSE:SPX stock, click here.
More about Stellar AfricaGold
Stellar AfricaGold Inc. is a mineral exploration company focused on gold, with a key asset in the Tichka Est Gold Project in the High Atlas region of Morocco. The project consists of seven permits over 82 km² under an earn-in agreement with Morocco’s National Office for Hydrocarbons and Mining, allowing Stellar to earn up to an 85% interest through staged exploration expenditures. Early-stage work has outlined multiple gold-bearing zones and additional anomalies in gold, silver, copper, lead and zinc, in a largely underexplored area.
Average Trading Volume: 88,055
Technical Sentiment Signal: Sell
Current Market Cap: C$9.07M
For an in-depth examination of SPX stock, go to TipRanks’ Overview page.