West Red Lake Gold Mines Inc (fka WRLG)

[CommodityCoverage]

Today, West Red Lake Gold (WRLG.v WRLGF) is up 10% on 3.5x the average volume following the initiation of Raymond James' coverage on the company with an Outperform rating and C$1.40 price target:

"Make Madsen Great Again"@RaymondJamesCDN initiates coverage on $WRLG.v $WRLG with an "OUTPERFORM" rating and a price target of CAD$1.40 📈📈@WestRedLakeGold @Frank_Giustra @fioregroup$WRLGF

Full Report:https://t.co/33BTreel4v pic.twitter.com/fDVljwidxX

— Airic (@airic101) June 27, 2024

 

The report highlights WRLG's acquisition of the Madsen Mine and WRLG's combination of underground drilling and test mining which are key de-risking events for restoring the market's confidence in the deposit that operated for decades before recent issues according to the firm.