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Silver Elephant Mining ( (TSE:ELEF) ) just unveiled an announcement.
Silver Elephant Mining Corp. has announced an increase in their non-brokered private placement to $735,200, involving the sale of 4,595,000 units at $0.16 per unit. Each unit includes a common share and a warrant, with insiders participating in a related party transaction. The proceeds will be used for general corporate purposes, pending approval from 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 focusing on gold and silver projects in Bolivia.
Average Trading Volume: 129,590
Technical Sentiment Signal: Sell
Current Market Cap: C$8.91M
For an in-depth examination of ELEF stock, go to TipRanks’ Overview page.