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Guanajuato Silver Company ( (TSE:GSVR) ) has shared an announcement.
Guanajuato Silver Company Ltd. has successfully closed its non-brokered private placement, raising $18 million through the issuance of 60 million units at $0.30 per unit. This financing, which was oversubscribed, will enhance the company’s financial flexibility and support potential growth opportunities within its portfolio, subject to regulatory approvals.
The most recent analyst rating on (TSE:GSVR) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.
Spark’s Take on TSE:GSVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSVR is a Neutral.
Guanajuato Silver Company’s stock score is primarily influenced by its financial performance challenges, including profitability and leverage issues. However, positive corporate events and technical analysis trends provide some support. The valuation remains a concern due to negative earnings.
To see Spark’s full report on TSE:GSVR stock, click here.
More about Guanajuato Silver Company
Guanajuato Silver Company Ltd. is a precious metals producer focused on reactivating past producing silver and gold mines in central Mexico. The company operates four mines and three processing facilities, producing silver, gold, lead, and zinc concentrates, making it one of the fastest-growing silver producers in Mexico.
Average Trading Volume: 1,454,803
Technical Sentiment Signal: Buy
Current Market Cap: C$133.5M
For a thorough assessment of GSVR stock, go to TipRanks’ Stock Analysis page.