Almadex Minerals Expands Portfolio with New Mexico REE Claim

The latest announcement is out from Almadex Minerals ( (TSE:DEX) ).

Almadex Minerals has staked a claim in the historic Petaca District of New Mexico, known for its mica production and rare earth element (REE) potential. This move is part of Almadex’s regional exploration program in the western U.S., which focuses on copper-gold potential. Although REE projects are not Almadex’s primary focus, the acquisition diversifies its mineral assets, and the company plans to seek a joint venture partner with expertise in REE systems to explore the district further.

Spark’s Take on TSE:DEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:DEX is a Neutral.

Almadex Minerals’ stock score is primarily impacted by financial instability, highlighted by declining revenues and negative cash flows. The strong balance sheet and favorable valuation due to a low P/E ratio provide some support. While technical indicators show moderate strength, the stock’s future performance is contingent on overcoming financial challenges and capitalizing on recent exploration successes.

To see Spark’s full report on TSE:DEX stock, click here.

More about Almadex Minerals

Almadex Minerals Ltd. is an exploration company with a significant mineral portfolio, including projects and NSR royalties in Canada, the U.S., and Mexico. The company has developed this portfolio through extensive prospecting and deal-making, and it owns several portable diamond drill rigs for cost-effective exploration.

Average Trading Volume: 68,150

Technical Sentiment Signal: Buy

Current Market Cap: C$21.66M

See more insights into DEX stock on TipRanks’ Stock Analysis page.