Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Silver Bullet Mines Corp ( (TSE:SBMI) ) has provided an update.
Silver Bullet Mines Corp. has located the historical opening to the Subrosa Mineralized Zone at the Washington Mine in Idaho, advancing its mining efforts and bringing production closer. The company has also closed a financing round of $858,899 to fund working capital and increase capacity in both Arizona and Idaho, while eliminating debt through the conversion of a promissory note to equity.
Spark’s Take on TSE:SBMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBMI is a Underperform.
Silver Bullet Mines Corp’s overall stock score is heavily impacted by its financial instability, marked by persistent losses and high leverage. While recent corporate developments and technical indicators offer some positive aspects, the company’s negative valuation metrics and financial health present significant risks.
To see Spark’s full report on TSE:SBMI stock, click here.
More about Silver Bullet Mines Corp
Silver Bullet Mines Corp. is a mining company focused on the exploration and development of mineral properties. The company primarily deals with silver and gold mining, with operations in Idaho and Arizona.
Average Trading Volume: 85,500
Technical Sentiment Signal: Buy
Current Market Cap: C$16.31M
See more data about SBMI stock on TipRanks’ Stock Analysis page.