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The latest update is out from IMPACT Silver ( (TSE:IPT) ).
IMPACT Silver Corp. has successfully closed a C$16 million bought deal private placement, selling 44,444,446 units at C$0.36 each. The proceeds will be used to advance development at the Guadalupe mine, expand operations at the Plomosas mine, and for general corporate purposes. This financial move is expected to enhance the company’s production capabilities and extend mine life, potentially strengthening its market position.
The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.
Spark’s Take on TSE:IPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPT is a Neutral.
The overall stock score is primarily impacted by the company’s financial performance, which is the most significant factor due to ongoing profitability issues and negative cash flows. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:IPT stock, click here.
More about IMPACT Silver
IMPACT Silver Corp. is a producer-explorer in the mining industry, operating two projects in Mexico. The company owns the Royal Mines of Zacualpan Silver-Gold District, which includes several underground silver mines and a processing plant, as well as the Capire Project with a pilot plant and an open pit silver mine.
Average Trading Volume: 663,038
Technical Sentiment Signal: Buy
Current Market Cap: C$90.64M
For a thorough assessment of IPT stock, go to TipRanks’ Stock Analysis page.