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Hi-View Resources Inc ( (TSE:HVW) ) has shared an update.
Hi-View Resources Inc. has successfully closed the first tranche of its non-brokered flow-through private placement, raising $361,670.93. The funds will be used for Canadian exploration expenses related to the company’s projects. The private placement includes flow-through shares and warrants, with insider participation constituting a related party transaction. The securities are subject to a hold period, and the company plans a second tranche under certain exemptions.
Spark’s Take on TSE:HVW Stock
According to Spark, TipRanks’ AI Analyst, TSE:HVW is a Neutral.
Hi-View Resources Inc. faces significant financial challenges with no revenue and negative earnings. While the balance sheet is strong, persistent cash flow issues pose risks. Technical analysis indicates weak momentum, and valuation metrics are unattractive. However, strategic corporate events provide a glimmer of hope for future operational improvements, which could enhance the company’s outlook.
To see Spark’s full report on TSE:HVW stock, click here.
More about Hi-View Resources Inc
Hi-View Resources Inc. is a mineral exploration company focusing on gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada. The company owns 9,749 hectares of land, including the Golden Stranger Property and the Lawyers East, West, and South claims. The Golden Stranger project is fully permitted with 45 drill-ready sites, and recent exploration has shown significant potential with high-grade gold and silver findings.
Average Trading Volume: 64,196
Technical Sentiment Signal: Sell
Current Market Cap: C$822.8K
For an in-depth examination of HVW stock, go to TipRanks’ Overview page.