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The latest update is out from Sierra Madre Gold & Silver Ltd. ( (TSE:SM) ).
Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its $19.5 million private placement, raising $1.75 million through the issuance of 2,500,000 units. The funds will be used to expand the Guitarra mine’s capacity and conduct exploration at the East District, enhancing the company’s operational capabilities and market position.
Spark’s Take on TSE:SM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SM is a Neutral.
Sierra Madre Gold & Silver Ltd. faces significant challenges with profitability and cash flow, despite some revenue growth. Technical indicators and recent corporate events provide a slightly positive outlook, though the negative valuation metrics and lack of earnings call insights weigh on the overall stock score.
To see Spark’s full report on TSE:SM stock, click here.
More about Sierra Madre Gold & Silver Ltd.
Sierra Madre Gold and Silver Ltd. is a precious metals development and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The company specializes in silver and gold mineralization, with a management team experienced in raising capital and managing mineral resources.
Average Trading Volume: 193,224
Technical Sentiment Signal: Buy
Current Market Cap: C$81.92M
Learn more about SM stock on TipRanks’ Stock Analysis page.