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The latest update is out from Almadex Minerals ( (TSE:DEX) ).
Almadex Minerals Ltd. announced the approval of an Option-Joint venture exploration agreement with Azucar Minerals Ltd., allowing Azucar to potentially acquire a 60% interest in three of Almadex’s Nevada claims. Additionally, Douglas McDonald has resigned from his roles but will continue to support the company in an advisory capacity, indicating a strategic shift in management and potential expansion opportunities in Nevada.
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 substantial mineral portfolio, including projects and NSR royalties across Canada, the U.S., and Mexico. The company is known for its in-house exploration capabilities, utilizing its own portable diamond drill rigs for cost-effective drilling.
Average Trading Volume: 74,637
Technical Sentiment Signal: Buy
Current Market Cap: C$35.99M
See more data about DEX stock on TipRanks’ Stock Analysis page.