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Hi-View Resources Inc ( (TSE:HVW) ) just unveiled an announcement.
Hi-View Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising $325,600 through the issuance of 1,628,000 units at $0.20 per unit. The proceeds from this private placement will be used for general corporate purposes, including arm’s-length payables, which may enhance the company’s operational capabilities and financial stability.
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 publicly listed mineral exploration company on the Canadian Securities Exchange, focusing on advancing gold, silver, and copper assets in the Toodoggone region of Northern British Columbia. The company owns and has options on projects covering over 27,791 hectares, including high-priority targets like the Golden Stranger project, the Lawyers claims, and the Borealis project.
Average Trading Volume: 38,149
Technical Sentiment Signal: Sell
Current Market Cap: C$2.72M
See more data about HVW stock on TipRanks’ Stock Analysis page.