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Midland Exploration ( (TSE:MD) ) has provided an announcement.
Midland Exploration Inc. has resumed work on its Jouvex gold project, located northwest of the Douay gold deposit in Abitibi. The company is conducting an induced polarization survey to refine drilling targets identified through previous magnetic surveys. This exploration aims to investigate a new potentially gold-bearing target in the south part of the property, which has shown promising geological features similar to those found in the Douay deposit. The upcoming winter diamond drilling campaign is expected to further assess the potential for gold-bearing syenite intrusions, with permit applications already in process.
The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.
Spark’s Take on TSE:MD Stock
According to Spark, TipRanks’ AI Analyst, TSE:MD is a Neutral.
Midland Exploration’s stock score is primarily influenced by its financial performance and technical analysis. The company shows financial stability with low leverage and strong free cash flow growth, but struggles with profitability and operational efficiency. The technical indicators reveal strong bullish momentum, although overbought conditions suggest caution. The valuation is weak due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:MD stock, click here.
More about Midland Exploration
Midland Exploration Inc. is a company focused on the mineral potential of Quebec, aiming to discover new world-class deposits of gold and critical metals. The company collaborates with reputable partners such as Rio Tinto Exploration Canada Inc., BHP Canada Inc., and Agnico Eagle Mines Limited, among others, and seeks to expand its portfolio through partnerships and new acquisitions.
Average Trading Volume: 67,485
Technical Sentiment Signal: Buy
Current Market Cap: C$53.73M
For an in-depth examination of MD stock, go to TipRanks’ Overview page.