Silver Elephant Mining ( (TSE:ELEF) ) has provided an announcement.
Silver Elephant Mining Corp. has successfully closed a non-brokered private placement, raising CAD 696,830 through the sale of 3,871,277 units. Each unit consists of one common share and one share purchase warrant, allowing the holder to purchase an additional share at a set price for three years. The proceeds are intended for general corporate purposes, and the transaction involved related party participation, which was exempt from certain regulatory requirements.
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.
YTD Price Performance: 10.53%
Average Trading Volume: 46,521
Technical Sentiment Signal: Buy
Current Market Cap: C$8.71M
Learn more about ELEF stock on TipRanks’ Stock Analysis page.