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Masivo Silver Corp. ( (TSE:MASS) ) has issued an update.
Masivo Silver Corp. has announced the closing of the first tranche of its private placement, raising $845,000, with plans to raise up to $1,000,000. The company is actively pursuing acquisition opportunities near the Boston Mine and plans to commence drilling at the Cerro Colorado project in Mexico by Q4 2025. Additionally, Masivo is addressing a management cease trade order due to delays in filing its annual financial statements, with the audit expected to be completed by September 19, 2025. The company anticipates meeting the filing deadline set by the British Columbia Securities Commission and assures stakeholders that no insolvency proceedings are underway.
Spark’s Take on TSE:MASS Stock
According to Spark, TipRanks’ AI Analyst, TSE:MASS is a Underperform.
Masivo Silver Corp. faces substantial financial challenges, including no revenue and ongoing losses, leading to a low financial performance score. While there is some positive technical momentum, valuation metrics are weak due to a negative P/E ratio and no dividend yield. The acquisition of the Cerro Colorado project is a positive strategic move, but significant financial and profitability concerns weigh heavily on the overall stock score.
To see Spark’s full report on TSE:MASS stock, click here.
More about Masivo Silver Corp.
Masivo Silver Corp. is a company operating in the mining industry, focusing on silver exploration and extraction. The company is involved in projects in Mexico and Nevada, with a particular emphasis on acquiring and developing mining opportunities near the Boston Mine and in Elko County.
Average Trading Volume: 81,163
Technical Sentiment Signal: Sell
Current Market Cap: C$3.08M
See more data about MASS stock on TipRanks’ Stock Analysis page.