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Tower Resources ( (TSE:TWR) ) has issued an announcement.
Tower Resources has reported significant progress in its drilling operations at the Rabbit North property, completing six holes at the Blue Sky site ahead of schedule. The company plans to move next to the Thunder North site, with the drilling program being ahead of schedule and under budget, potentially allowing for additional exploratory drilling before the holiday break.
Spark’s Take on TSE:TWR Stock
According to Spark, TipRanks’ AI Analyst, TSE:TWR is a Neutral.
The overall score reflects significant financial challenges, with no revenue and persistent losses weighing heavily. Technical indicators suggest weak momentum, further dampening the outlook. However, recent positive corporate events, such as new resource discoveries, offer some promise for future potential, slightly boosting the score.
To see Spark’s full report on TSE:TWR stock, click here.
More about Tower Resources
Tower Resources is a Canadian-based mineral exploration company focused on discovering and advancing economic mineral projects in the Americas. Its key exploration assets are located in British Columbia and include the Rabbit North orogenic gold and porphyry copper-gold project, the Nechako porphyry-associated gold-silver project, and the More Creek epithermal gold project.
Average Trading Volume: 80,443
Technical Sentiment Signal: Buy
Current Market Cap: C$29.81M
Find detailed analytics on TWR stock on TipRanks’ Stock Analysis page.