Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Pondering the Possibilities
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Management is on location in Ecuador. Following the resignation of Dr. Richard Spencer, Dr. Keith Barron, assumed the role of President and is now Chairman, President, and Chief Executive Officer. He is presently in Ecuador and is leading the company’s activities. While the resignation of Dr. Spencer is a setback, Dr. Barron is the guiding force behind the company and owner of 39% of the outstanding shares.
Exploration continues near the Awacha target. During the next month, Aurania will be conducting exploration north of the Awacha porphyry copper target. Recall that exploration teams returned to the area in early January to refine porphyry targets. At Awacha, soil sampling and field surveys are in progress. Mobile Magnetotellurics (MobileMT) geophysics revealed a buried conductive body greater than ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.