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Silver Elephant Mining ( (TSE:ELEF) ) has shared an announcement.
Silver Elephant Mining Corp. has announced an increase in its previously declared non-brokered private placement to $220,000. The funds raised will be used for general corporate purposes, with company insiders participating significantly in the transaction, which is subject to regulatory approval by the Toronto Stock Exchange.
Spark’s Take on TSE:ELEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Underperform.
Silver Elephant Mining faces significant financial challenges with zero revenue and mounting losses, which heavily impact its overall stock score. Technical analysis shows some short-term stability but a longer-term bearish trend. Valuation concerns due to a negative P/E ratio and lack of dividends further weigh on the score. Mixed corporate events add complexity, with financial initiatives slightly balancing operational setbacks. Overall, the stock presents high risk with limited immediate upside.
To see Spark’s full report on TSE:ELEF stock, click here.
More about Silver Elephant Mining
Silver Elephant Mining Corp. is a mineral exploration company focused on gold and silver projects in Bolivia.
Average Trading Volume: 51,588
Technical Sentiment Signal: Sell
Current Market Cap: C$11.65M
See more data about ELEF stock on TipRanks’ Stock Analysis page.