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Kuya Silver ( (TSE:KUYA) ) just unveiled an announcement.
Kuya Silver Corporation has completed the second and final tranche of its non-brokered private placement, raising a total of CAD$9,070,000. The funds will be used for exploration and development expenses for the Bethania project and general working capital. This move is expected to bolster Kuya Silver’s operational capabilities and enhance its position in the silver mining industry.
Spark’s Take on TSE:KUYA Stock
According to Spark, TipRanks’ AI Analyst, TSE:KUYA is a Neutral.
Kuya Silver’s stock score reflects its current financial challenges as a pre-revenue mining company, despite a strong equity position. Technical indicators show bullish momentum, yet overbought signals cause caution. Recent promising mineral discoveries offer potential upside, but the lack of immediate revenue remains a significant risk.
To see Spark’s full report on TSE:KUYA stock, click here.
More about Kuya Silver
Kuya Silver Corporation is a Canadian-based, growth-oriented mining company focused on silver. It operates the Bethania silver mine in Peru and is involved in developing district-scale silver projects in mining-friendly jurisdictions such as Peru and Canada.
Average Trading Volume: 278,508
Technical Sentiment Signal: Buy
Current Market Cap: C$47.34M
For detailed information about KUYA stock, go to TipRanks’ Stock Analysis page.