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Honey Badger Exploration ( (TSE:TUF) ) has provided an announcement.
Honey Badger Silver Inc. has successfully closed an upsized non-brokered private placement financing, raising approximately $630,205.92 due to strong investor demand. This additional financing, combined with previous tranches, brings the total gross proceeds to approximately $3.081 million, which will be used to advance the company’s properties and for general purposes, potentially strengthening its market position and stakeholder value.
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 projects located in historically rich mining areas, including the Sunrise Lake project in the Northwest Territories and the Plata high-grade silver project in Yukon. The company is supported by an experienced leadership and technical team, aiming to create value through its significant land holdings and exploration activities.
Average Trading Volume: 212,756
Technical Sentiment Signal: Buy
Current Market Cap: C$20.47M
Learn more about TUF stock on TipRanks’ Stock Analysis page.