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Moneta Gold ( (TSE:STLR) ) has provided an announcement.
STLLR Gold Inc. has announced the results of its AI-assisted infill drilling at the Tower Gold Project in Ontario, Canada. The drilling program has confirmed near-surface mineralization with grades higher than the average open pit grade, suggesting potential for resource conversion to higher-confidence categories. The company is also advancing its Pre-Feasibility Study with technical and metallurgical drilling to support geotechnical modeling and process optimization, aiming to de-risk the project and refine its mine plan.
The most recent analyst rating on (TSE:STLR) stock is a Buy with a C$4.75 price target. To see the full list of analyst forecasts on Moneta Gold stock, see the TSE:STLR Stock Forecast page.
Spark’s Take on TSE:STLR Stock
According to Spark, TipRanks’ AI Analyst, TSE:STLR is a Neutral.
The overall stock score for TSE:STLR is weighed down by significant financial challenges, including persistent losses and lack of revenue. However, promising corporate events and stable technical indicators offer some potential for improvement. Despite this, the stock’s valuation remains a concern, given the negative P/E ratio and lack of dividends. Substantial operational and financial enhancements are necessary for a higher score.
To see Spark’s full report on TSE:STLR stock, click here.
More about Moneta Gold
Average Trading Volume: 134,419
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$104.1M
Learn more about STLR stock on TipRanks’ Stock Analysis page.