The Globe and Mail reports in its Thursday, Sept. 7, edition that Echelon Capital Markets analyst Adam Gill commenced coverage on Rok Resources with a "buy" recommendation and 55-cent share target. The Globe's David Leeder writes that analysts on average target the shares at 79 cents. Mr. Gill says in a note: "Rok Resources has multiple routes for value creation, both with conventional oil and gas development as well as an emerging opportunity in lithium brines. The balance sheet is in solid shape following the sale of the Weyburn unit interest in Q123 and once the company delivers on the growth program, we believe that the stock will see a positive rerate. Overall, we see a solid rerate opportunity in Rok's stocks and multiple catalysts to drive the stock higher. Drilling success will firm up confidence in the forward outlook and the lithium opportunity provides another platform for the team to create value for shareholders. In addition, Rok is in solid financial shape, and we believe the financial position deserves better recognition in the valuation." The Globe reported on Jan. 17 that Echelon Partners analyst Tom Hems rated Rok Resources "buy" in new coverage. The shares were then going for 47.5 cents.