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Pacific Ridge Exploration ( (TSE:PEX) ) just unveiled an update.
Pacific Ridge Exploration Ltd. announced a significant drilling success at its RDP copper-gold project in British Columbia, with drill hole RDP-25-011 intersecting 112.2 meters of 1.35% copper equivalent, marking the best intercept recorded at the site. This achievement surpasses previous results and confirms the presence of high-grade mineralization, enhancing the company’s exploration prospects and potentially strengthening its position in the copper-gold mining sector.
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. operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is primarily engaged in advancing its copper-gold projects located in British Columbia, Canada, with a particular focus on the RDP and Kliyul projects.
Average Trading Volume: 550,506
Technical Sentiment Signal: Sell
Current Market Cap: C$12.09M
See more insights into PEX stock on TipRanks’ Stock Analysis page.