Dolly Varden Silver Secures $25 Million Financing with Eric Sprott Participation

Dolly Varden Silver ( (TSE:DV) ) has issued an announcement.

Dolly Varden Silver Corporation has announced a $25 million bought-deal financing agreement with a syndicate of underwriters led by Research Capital Corporation and Raymond James Ltd. The financing will involve the issuance of common shares and flow-through shares, with proceeds allocated for working capital and exploration activities in the Kitsault Valley project. Notably, prominent investor Eric Sprott is participating in the transaction, which is expected to close by June 26, 2025, pending regulatory approvals.

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 silver exploration and development. The company is primarily involved in mineral resource expansion and drilling projects, particularly in the Kitsault Valley project located in northwestern British Columbia, Canada.

Average Trading Volume: 136,790

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$375M

See more insights into DV stock on TipRanks’ Stock Analysis page.