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Capitan Silver ( (TSE:CAPT) ) has issued an announcement.
Capitan Silver has identified new high-priority targets at its Cruz de Plata project, significantly expanding the known mineralized system. The company has increased the cumulative length of silver-mineralized vein structures to over 20 km and has identified a large granodiorite intrusion as a key feature for locating mineralization. With six new priority targets and an expanded drill program, Capitan Silver aims to further explore and develop the potential of the Cruz de Plata project. The consolidation of a 2,171-hectare land package and a property-wide geophysical survey are expected to enhance target generation and expansion efforts, positioning the company for future growth.
The most recent analyst rating on (TSE:CAPT) stock is a Buy with a C$2.40 price target. To see the full list of analyst forecasts on Capitan Silver stock, see the TSE:CAPT Stock Forecast page.
Spark’s Take on TSE:CAPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CAPT is a Neutral.
Capitan Mining’s overall stock score reflects significant financial challenges due to zero revenue and negative cash flows, outweighed by relatively strong technical indicators and promising corporate events involving strategic exploration and financing initiatives. However, the lack of profitability as indicated by the negative P/E ratio and absence of dividend yield is a concern.
To see Spark’s full report on TSE:CAPT stock, click here.
More about Capitan Silver
Capitan Silver Corp. operates in the mining industry, focusing on the exploration and development of silver and gold projects. The company’s primary project is the Cruz de Plata silver-gold project located in Durango, Mexico. Capitan Silver is dedicated to expanding its mineral exploration footprint and advancing its projects to the drill-ready stage.
Average Trading Volume: 120,346
Technical Sentiment Signal: Buy
Current Market Cap: C$193.8M
See more insights into CAPT stock on TipRanks’ Stock Analysis page.