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Silver Elephant Mining ( (TSE:ELEF) ) has shared an announcement.
Silver Elephant Mining Corp. has announced a non-brokered private placement to raise $200,000 through the sale of 1,000,000 units, each consisting of one common share and one share purchase warrant. The proceeds are intended for general corporate purposes, and the placement is subject to approval by the Toronto Stock Exchange. Company insiders are expected to subscribe for a significant portion of the offering, which is considered a related party transaction.
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: 51,588
Technical Sentiment Signal: Sell
Current Market Cap: C$11.65M
For a thorough assessment of ELEF stock, go to TipRanks’ Stock Analysis page.