Dolly Varden Silver Secures $28.76 Million in Bought-Deal Financing

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

Dolly Varden Silver Corporation announced the full exercise of the underwriters’ option in its bought-deal financing, resulting in total gross proceeds of $28.76 million. The proceeds will be used for working capital, corporate purposes, and further exploration and drilling in the Kitsault Valley project. The financing includes a mix of common shares and flow-through shares, with notable participation from Eric Sprott. The offerings are expected to close on June 26, 2025, subject to 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 the exploration and development of silver and gold properties. The company is primarily engaged in mineral resource expansion and drilling activities, particularly in the Kitsault Valley project located in northwestern British Columbia, Canada.

Average Trading Volume: 146,058

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$375M

See more data about DV stock on TipRanks’ Stock Analysis page.