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Silver Elephant Mining ( (TSE:ELEF) ) has shared an announcement.
Silver Elephant Mining Corp. has successfully closed the first tranche of its non-brokered private placement, raising $264,308 through the sale of units comprising shares and warrants. The proceeds are intended for general corporate purposes, and the transaction involved related party dealings with exemptions applied under MI 61-101 regulations.
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: 116,108
Technical Sentiment Signal: Sell
Current Market Cap: C$7.74M
For a thorough assessment of ELEF stock, go to TipRanks’ Stock Analysis page.