Power Metallic Mines' Saudi partnership welcomed by Noble analysts

Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) continues to keep Noble Capital Research analysts bullish following its move to expand into Saudi Arabia through a new exploration-focused partnership, with the broker highlighting the deal as a step toward building a scalable regional platform rather than a single-asset development story. Noble Capital maintained its ‘Outperform' rating on the stock and a $2.65 price target, above levels of about $1 at the time of writing.