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Hi-View Resources Inc ( (TSE:HVW) ) just unveiled an announcement.
Hi-View Resources Inc. announced a non-brokered private placement to raise up to $1,000,000 through the issuance of 5,000,000 units, each consisting of one common share and half a warrant. The company also plans a debt settlement involving the issuance of 730,808 common shares to settle $146,161.60 of debt. This move aims to support general corporate purposes and manage arm’s-length payables, potentially strengthening the company’s financial position and operational capabilities.
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 gold, silver, and copper assets in the Toodoggone region of northern British Columbia. The company owns and operates several high-priority projects, including the Golden Stranger Project, Lawyers claims, and Borealis Project, and has additional properties under option and mineral claim applications.
Average Trading Volume: 53,872
Technical Sentiment Signal: Sell
Current Market Cap: C$3.02M
For a thorough assessment of HVW stock, go to TipRanks’ Stock Analysis page.