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Pacific Ridge Exploration ( (TSE:PEX) ) has issued an announcement.
Pacific Ridge Exploration Ltd. has entered into a digital marketing agreement with IRP Holdings Corporation to enhance its online presence through a three-month campaign. Additionally, the company has provided further details on its agreement with Capital Analytica for capital markets consultation and social media engagement services, both of which are subject to TSX Venture Exchange approval.
Spark’s Take on TSE:PEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:PEX is a Underperform.
Pacific Ridge Exploration faces significant financial challenges with persistent net losses and negative cash flow. The technical analysis shows a bearish trend, compounding the company’s valuation concerns. While the recent capital raise is a positive step, it does not offset the broader financial and operational difficulties, resulting in a low overall stock score.
To see Spark’s full report on TSE:PEX stock, click here.
More about Pacific Ridge Exploration
Pacific Ridge Exploration Ltd. is a Fiore Group company focused on becoming British Columbia’s leading copper exploration company. Its flagship project is the Kliyul copper-gold project, located in the Quesnel terrane. The company’s portfolio also includes the RDP, Chuchi, Onjo, and Redton copper-gold projects, all situated in British Columbia.
Average Trading Volume: 389,685
Technical Sentiment Signal: Sell
Current Market Cap: C$8.64M
For an in-depth examination of PEX stock, go to TipRanks’ Overview page.