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The latest update is out from Trigon Metals Inc ( (TSE:TM) ).
Trigon Metals Inc. has announced the start of its first drilling campaign at the Addana Project in southern Morocco, targeting silver-lead polymetallic vein systems. The project aims to confirm the continuity and grade of mineralized veins, with the potential to expand vertically and laterally, enhancing Trigon’s position in the mining industry.
The most recent analyst rating on (TSE:TM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Trigon Metals Inc stock, see the TSE:TM Stock Forecast page.
Spark’s Take on TSE:TM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TM is a Underperform.
Trigon Metals Inc faces significant financial instability, with negative profitability and high leverage, impacting its overall stock score. Technical analysis indicates a bearish trend, while the valuation suffers due to a negative P/E ratio and no dividend yield. Although corporate events suggest potential strategic shifts providing financial flexibility, operational challenges pose risks. The overall score reflects these significant challenges, suggesting caution for potential investors.
To see Spark’s full report on TSE:TM stock, click here.
More about Trigon Metals Inc
Trigon Metals Inc. is a publicly traded Canadian exploration and development company focusing on copper and silver holdings in Africa. In Morocco, it is advancing the Addana Project, known for silver-bearing polymetallic veins, and the Silver Hill copper prospect. In Namibia, Trigon holds the Kalahari Copperbelt Project.
Average Trading Volume: 39,529
Technical Sentiment Signal: Sell
Current Market Cap: C$12.53M
See more insights into TM stock on TipRanks’ Stock Analysis page.