Metallic Minerals Corp., a Canadian exploration company focused on silver and gold projects in North America, continues its activities in the Yukon Territory. The Company, listed on the OTCQB under the symbol “MMNGF”, is currently focused on developing its flagship project, the Keno Silver Project in the historically significant Keno Hill Silver District. This district has produced more than 200 million ounces of silver in over a century, highlighting the attractiveness of the location.
Financial challenges remain
Despite promising prospects, Metallic Minerals faces financial challenges. The share price is currently at EUR 0.129 and has seen a decline of 50% in the last year. The negative price-to-cash flow ratio of -4.40 reflects the typical situation of an exploration company that is not yet generating any revenue. Current exploration activities are financed primarily through capital increases, which poses both risks and opportunities for investors.
Advertisement
Metallic Minerals share: buy or sell?! New Metallic Minerals analysis from October 6 provides the answer:
The latest Metallic Minerals figures speak for themselves: there is an urgent need for action for Metallic Minerals shareholders. Is it worth getting started or should you sell? In the current free analysis from October 6th you will find out what to do now.
Metallic Minerals: Buy or Sell? Read more here…
