One of the more important sectors in the mining sector is the one related to precious metals recovery and there are some innovative companies that are heavily involved in the sector. One of the more interesting companies at this point is Regenx Tech Corp, which is involved in providing precious metals extraction services that are environmentally responsible.

Trading Action:

The stock has been witnessing an impressive rally so far in 2023 with a gain of 33.33% in Canada and up 43.19% in the US market.

That has made the company a focus of interest for many investors and this article is going to provide you with a quick look into it. The company is on the cusp of something special considering the fact that its pilot plant project proved that its technology was commercially feasible.

In this regard, it should be noted that Regenx intends to start its commissioning protocols at some point in the middle of February this year. If everything proceeds as planned then the company expects the whole thing to be completed by the end of the first quarter. It goes without saying that these are exciting times for Regenx and it may be a good time to keep the stock in your watch lists.

The company expects its operations to start generating revenues in the second quarter. The cash flow position is expected to improve in a big way as well once Regenx manages to hit its target of producing as much as 2.5 tons a day.

On the other hand, the company also announced not too long ago that its research and development team had also been making progress with regard to the procurement of more feedstock.

The availability of more feedstock is going to help the company in producing more in the future and that can only be a good thing in the larger scheme of things. At this point, it remains to be seen if the stock manages to garner focus or not.

By Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for more than a decade on several financial projects related to stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI.

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