Equity Metals Corporation
Drilling Success & Upcoming Resource Estimate
Published: 2/7/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:EQMEF - NASDAQ 🔹EQTY.V - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.22 |
| Fair Value | CAD $0.39 |
| Risk | 5 |
| 52 Week Range | CAD $0.08-0.32 |
| Shares O/S (M) | 195 |
| Market Cap. (M) | CAD $43 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 7.1 |
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Report Highlights
- Since our previous report in February 2024, EQTY is up 144%, making it one of the best-performing gold-silver stocks in our coverage universe.
- The stock's strong performance is attributed to a promising 2024 drill program at the 100%-owned Silver Queen gold-silver-polymetallic project in B.C.
- Management plans to complete an updated resource estimate in Q3. The last resource estimate, completed in 2022, was 1.04 Moz AuEq (85 Moz AgEq) at 6.2 g/t AuEq (512 g/t AgEq). The updated res
