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Terra Balcanica Resources Corp. ( (TSE:TERA) ) just unveiled an announcement.
Terra Balcanica Resources Corp. reported initial high-grade assay results from its Phase III drilling at the Cumavici Ridge epithermal vein zone within the Viogor-Zanik project in Bosnia and Herzegovina, including 102 g/t silver equivalent over 2.55 metres within a broader 4.7-metre interval and a peak 0.4-metre intercept grading 453 g/t silver equivalent. The new drillhole extends the known strike length of the Cumavici Ridge mineralization to 95 metres, confirms continuity of the polymetallic system along strike and down-dip, and supports the presence of multiple silver- and base metal-rich structures across the Cumavici area, with further assay results from Cumavici Ridge and the nearby Brezani target expected shortly.
The most recent analyst rating on (TSE:TERA) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Terra Balcanica Resources Corp. stock, see the TSE:TERA Stock Forecast page.
Spark’s Take on TSE:TERA Stock
According to Spark, TipRanks’ AI Analyst, TSE:TERA is a Neutral.
The score is held back primarily by pre-revenue status, ongoing losses, and continued cash burn despite improving loss trends. Low leverage and positive exploration/corporate updates support the outlook, while technical signals are only modestly constructive and valuation provides limited support due to negative earnings and no dividend.
To see Spark’s full report on TSE:TERA stock, click here.
More about Terra Balcanica Resources Corp.
Terra Balcanica Resources Corp. is a mineral exploration company focused on epithermal, polymetallic systems in the Balkans, with its principal Viogor-Zanik project located in Bosnia and Herzegovina. The company targets silver-, antimony-, gold-, lead- and zinc-bearing structures within a large volcanic-hosted epithermal mineral system and is advancing multiple prospects, including the Cumavici Ridge, Cumavici Crest and Joseva zones.
Average Trading Volume: 171,150
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.44M
For an in-depth examination of TERA stock, go to TipRanks’ Overview page.