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An update from Capitan Silver ( (TSE:CAPT) ) is now available.
Capitan Silver Corp has announced significant assay results from its Phase One drill program at the Cruz de Plata project, revealing high-grade silver mineralization and new exploration targets. The results indicate the continuation of the Jesús María vein and the emergence of the Peñoles Fault as a key target, with mineralization open at depth and along new zones. These findings support the company’s geological model and suggest a promising expansion of the silver-rich system, positioning Capitan Silver for further growth and development in the mining sector.
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 is a company operating in the mining industry, focusing on the exploration and development of silver and gold projects. Its primary project is the Cruz de Plata silver-gold project located in Durango, Mexico.
Average Trading Volume: 131,122
Technical Sentiment Signal: Buy
Current Market Cap: C$181.3M
See more insights into CAPT stock on TipRanks’ Stock Analysis page.