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Dolly Varden Silver ( (TSE:DV) ) has issued an update.
Dolly Varden Silver Corporation has completed the acquisition of the Kinskuch Property from Hecla Mining Company, significantly expanding its Kitsault Valley Project in British Columbia’s Golden Triangle. This acquisition increases the project area to approximately 77,000 hectares, enhancing the company’s exploration potential for silver, gold, and copper. The transaction, valued at $5 million, was executed through the issuance of common shares to Hecla, which retains a 2% net smelter return royalty. This strategic move positions Dolly Varden to further explore underexplored areas and potentially unlock significant mineral resources, benefiting stakeholders and strengthening its industry position.
The most recent analyst rating on (TSE:DV) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Dolly Varden Silver stock, see the TSE:DV Stock Forecast page.
Spark’s Take on TSE:DV Stock
According to Spark, TipRanks’ AI Analyst, TSE:DV is a Neutral.
Dolly Varden Silver’s overall stock score reflects significant financial challenges, characterized by lack of revenue and consistent losses, offset by a strong equity base and absence of debt. While corporate events show strategic efforts to improve market positioning, technical analysis suggests a cautious approach given current price trends. Valuation concerns persist due to the negative P/E ratio and lack of profitability.
To see Spark’s full report on TSE:DV stock, click here.
More about Dolly Varden Silver
Dolly Varden Silver Corporation operates in the mining industry, focusing on the exploration and development of silver, gold, and copper mineral resources. The company is particularly active in the Golden Triangle region of British Columbia, known for its rich mineral deposits.
Average Trading Volume: 112,250
Technical Sentiment Signal: Hold
Current Market Cap: C$304.9M
See more insights into DV stock on TipRanks’ Stock Analysis page.