TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Targa Exploration Corp. ( (TSE:TEX) ) has provided an announcement.
Targa Exploration Corp. has entered into option agreements to acquire up to an 80% interest in the Venidero and El Zanjon gold-silver projects in Santa Cruz, Argentina. This strategic move aligns with Targa’s goal of expanding its gold portfolio with minimal upfront dilution and complements its existing Opinaca project in Quebec. The projects are located in the deposit-rich Deseado Massif, with El Zanjon situated near the Cerro Vanguardia mine and Venidero near the Cerro Negro mine. The acquisition is expected to enhance Targa’s year-round exploration activities and leverage the expertise of the original Rugby Resources team, known for their successful track record in early-stage project discoveries.
Spark’s Take on TSE:TEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TEX is a Underperform.
Targa Exploration Corp.’s financial instability, demonstrated by a lack of revenue and negative cash flow, heavily impacts its stock score. Weak technical indicators and an unattractive valuation further depress the score, suggesting significant risk for potential investors.
To see Spark’s full report on TSE:TEX stock, click here.
More about Targa Exploration Corp.
Targa Exploration Corp. operates in the mining industry, focusing on the exploration and development of gold and silver projects. The company aims to expand its portfolio by acquiring and exploring undrilled targets in prime jurisdictions, with a particular emphasis on high-potential gold discoveries.
Average Trading Volume: 60,627
Technical Sentiment Signal: Sell
Current Market Cap: C$6.61M
Find detailed analytics on TEX stock on TipRanks’ Stock Analysis page.