Silver Elephant Mining ( (TSE:ELEF) ) just unveiled an update.
Silver Elephant Mining Corp. has announced an increase in its non-brokered private placement to raise CAD696,830 through the sale of 3,871,277 units. Each unit comprises one common share and one warrant, allowing the purchase of an additional share at CAD0.30 for three years. The private placement involves related party transactions with John Lee and Ron Motz, and is subject to Toronto Stock Exchange approval. Proceeds will be used for general corporate purposes, with a regulatory hold period of four months plus one day.
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.
YTD Price Performance: 18.42%
Average Trading Volume: 54,228
Technical Sentiment Signal: Buy
Current Market Cap: C$9.34M
Find detailed analytics on ELEF stock on TipRanks’ Stock Analysis page.