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An announcement from Rio Silver ( (TSE:RYO) ) is now available.
Rio Silver Inc. has converted $293,250 of debt into equity and warrants, issuing 1,396,428 common shares at a deemed price of $0.21 per share, including 976,190 shares to non-arm’s length creditors, and 420,238 common share purchase warrants exercisable at $0.28 per share until December 31, 2028. The securities, which are subject to a hold period expiring May 1, 2026, are part of a securities-for-debt transaction that is intended to strengthen the company’s balance sheet by improving its working capital deficiency, potentially enhancing its financial flexibility as it advances its silver-focused portfolio in Peru.
The most recent analyst rating on (TSE:RYO) stock is a Hold with a C$0.64 price target. To see the full list of analyst forecasts on Rio Silver stock, see the TSE:RYO Stock Forecast page.
Spark’s Take on TSE:RYO Stock
According to Spark, TipRanks’ AI Analyst, TSE:RYO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, ongoing operating losses and negative operating cash flow), partially offset by strong technical momentum (price above major moving averages, positive MACD) and generally positive corporate developments (project acquisitions and financing). Valuation is only middling given a ~30.6 P/E without dividend support.
To see Spark’s full report on TSE:RYO stock, click here.
More about Rio Silver
Rio Silver Inc. is a Canadian resource company focused on advancing high-grade, silver-dominant projects in Peru, the world’s second-largest silver producer. Listed on the TSX Venture Exchange and OTC markets, the company targets near-term development opportunities within established mineral belts and is backed by an experienced technical and operational team specializing in Peruvian geology, underground mining and district-scale exploration, as it works to position itself as an emerging silver producer in the country.
Average Trading Volume: 84,526
Technical Sentiment Signal: Buy
Current Market Cap: C$10.52M
See more insights into RYO stock on TipRanks’ Stock Analysis page.