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Honey Badger Exploration ( (TSE:TUF) ) has provided an update.
Honey Badger Silver Inc. has successfully closed a non-brokered private placement of flow-through common shares, raising $1.5 million. The funds will be used for exploration expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures. This financing move is expected to bolster the company’s exploration activities and strengthen its position in the silver mining industry.
Spark’s Take on TSE:TUF Stock
According to Spark, TipRanks’ AI Analyst, TSE:TUF is a Underperform.
Honey Badger Exploration’s overall stock score is impacted by poor financial performance, characterized by negative profitability and solvency concerns. Technical indicators suggest some stability, but the valuation remains unattractive. Positive corporate events offer potential upside, but substantial financial improvements are necessary for a better outlook.
To see Spark’s full report on TSE:TUF stock, click here.
More about Honey Badger Exploration
Honey Badger Silver Inc. is a silver-focused company with a highly experienced leadership and technical team. It operates projects in historically rich mining areas, including the Sunrise Lake project in the Northwest Territories, the Plata high-grade silver project near Yukon’s Keno Hill, and the Clear Lake Project in the Yukon Territory. The company also holds significant land in the Nanisivik Mine Area in Nunavut, Canada.
Average Trading Volume: 232,647
Technical Sentiment Signal: Buy
Current Market Cap: C$28.3M
See more insights into TUF stock on TipRanks’ Stock Analysis page.