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Silver Elephant Mining ( (TSE:ELEF) ) has provided an announcement.
Silver Elephant Mining Corp. has announced a non-brokered private placement to raise $375,000 by selling 1,500,000 units at $0.25 each, with each unit comprising one common share and one share purchase warrant. The proceeds will be used for general working capital, and the placement is subject to Toronto Stock Exchange approval. Some company directors and officers are participating, making it a related party transaction under MI 61-101, but exemptions will apply as the transaction does not exceed 25% of the company’s market capitalization.
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 with gold and silver projects located in Bolivia.
Average Trading Volume: 194,081
Technical Sentiment Signal: Hold
Current Market Cap: C$16.31M
See more insights into ELEF stock on TipRanks’ Stock Analysis page.