H&P initiates coverage of Australia's Piche Resources

Piche Resources

12/03/2025 20:01

** Brokerage Hannam & Partners initiates of coverage of Piche Resources PR2.AX at a price target of A$0.85/shr

** PR2 provides affordable entry to high-potential exploration targets - H&P

** Brokerage says co has promising gold and uranium exploration projects in Argentina and Australia, with drilling set for 2025

** Adds, despite co's market cap sitting just above its cash balance, Hannam & Partners sees significant potential for value increase based on the exploration results

** PR2 stock has fallen 17.7% this year as of the last trading day

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))