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Hi-View Resources Inc ( (TSE:HVW) ) has issued an announcement.
Hi-View Resources Inc. announced the closing of the second and final tranche of its oversubscribed non-brokered flow-through private placement, raising an aggregate total of $441,670.95. The proceeds will be used for eligible Canadian exploration expenses related to the company’s projects in Canada, enhancing its exploration capabilities and potentially strengthening its position in the mineral exploration industry.
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 focused on gold, silver, and copper in the Toodoggone region of northern British Columbia, Canada. The company owns properties covering 9,749 hectares, 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 sampling has shown significant exploration potential.
Average Trading Volume: 67,891
Technical Sentiment Signal: Sell
Current Market Cap: C$871.2K
See more insights into HVW stock on TipRanks’ Stock Analysis page.