Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Forge Resources ( (TSE:FRG) ).
Forge Resources has made significant progress at its La Estrella Coal Project in Colombia, marked by the arrival of key heavy equipment to support automated operations and the near-completion of mining camps for its workforce. The introduction of a Panzer conveyor system is expected to enhance operational efficiency and safety while reducing emissions and fuel costs. Additionally, the company has closed a non-brokered flow-through private placement, raising $500,000.60 to support its operations.
The most recent analyst rating on (TSE:FRG) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Forge Resources stock, see the TSE:FRG Stock Forecast page.
More about Forge Resources
Forge Resources Corp. operates in the mining industry, focusing on coal extraction. The company is advancing its La Estrella Coal Project in Santander, Colombia, with a focus on mechanized and automated operations to enhance efficiency and safety.
Average Trading Volume: 139,123
Technical Sentiment Signal: Sell
Current Market Cap: C$39.81M
For detailed information about FRG stock, go to TipRanks’ Stock Analysis page.