Phenom Resources Corp has seen a slight uptick in price this week amidst new developments regarding its Dobbin Project.
Phenom Resources Corp (PHNM.V) has been in the spotlight this week, with a mix of news influencing its stock performance. The company closed at C$0.36, reflecting a 1.25% increase on Friday but a slight decline of 1.22% over the week. Investors are keenly observing the developments related to its joint venture with SSR Mining.
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Phenom Resources Corp
PHNM.V
PHNM.V
Phenom Resources Corp
WealthAwesomeMarket cap
$54.73M
52W high
$0.54
52W low
$0.16
1W change
-1.22%
Beta
0.10
Analyst Price Targets
Based on analyst covering PHNM · as of Sep 17, 2026
Wall Street analysts forecast PHNM stock price to rise 122.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$0.90
+122.2% Upside
Current Price
C$0.41
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PHNM's historical volatility
30-Day Vol
91.9%
Annualized
90-Day Vol
96.4%
Annualized
Trend (90d)
+5.2%
Annualized drift
90d Mean
C$0.41
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.41 | C$0.30 – C$0.56 |
| 60 trading days | C$0.41 | C$0.26 – C$0.64 |
| 90 trading days | C$0.41 | C$0.24 – C$0.71 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Recent news regarding SSR Mining's investment in the Dobbin Project could enhance Phenom's growth prospects, yet investors should consider the company's current financial performance and technical indicators.
Phenom Resources Corp has a market cap of C$54.73 million.
With a beta of 0.10, Phenom's stock is less volatile compared to the broader market, which may appeal to conservative investors.
Bull case
The recent acquisition by SSR Mining of a 15% interest in the Dobbin Project for $4 million may provide Phenom with additional capital and resources. This partnership could lead to future growth opportunities for the company.
Bear case
Despite the optimistic outlook from analysts, Phenom's current financials show a negative return on equity and a profit margin of 0.0%. These factors suggest that investors should proceed with caution.
Recent Company News
This week, Phenom Resources Corp made headlines with its joint venture arrangement with SSR Mining. On September 23, SSR Mining announced it acquired a 15% interest in Phenom's Dobbin Project for $4 million. This partnership could provide significant financial backing for the project's development. Additionally, a supplemental disclosure regarding marketing services agreements was provided on September 25, indicating ongoing efforts to enhance investor relations and transparency.
Technical Picture
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Phenom's stock closed at C$0.36, which places it at the lower end of its 52-week range of C$0.16 to C$0.54, representing 54% of that range. The stock's 50-day moving average is C$0.39, indicating a 6.8% decline from the current price, while the 200-day moving average sits at C$0.36, showing a slight increase of 2.7%. The stock's beta of 0.10 suggests lower volatility, making it less reactive to market swings. Recent trading volume was 94,200 shares, which is slightly above the 20-day average of 77,629 shares.
Insider Activity
No recent insider activity has been reported for Phenom Resources Corp, which may indicate a stable period for the company in terms of internal trading.
Earnings and Analyst Outlook
Phenom Resources has not reported recent earnings, but analysts maintain a bullish outlook with an average target price of C$0.90, suggesting a potential upside of 146.6% from the current price. This optimism reflects confidence in the company's future prospects, especially with the new developments surrounding the Dobbin Project.
Price Action Summary
As of the last close, Phenom Resources Corp's stock is priced at C$0.36, reflecting a 1.25% increase on Friday, although it has seen a slight decline of 1.22% over the past week.
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