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An announcement from Silver Hammer Mining ( (TSE:HAMR) ) is now available.
Silver Hammer Mining Corp. announced a non-brokered private placement of 572,727 units at CAN$0.055 per unit, aiming to raise CAN$31,500. The proceeds will be used for general working capital, and the offering is subject to necessary corporate and regulatory approvals. This move is part of Silver Hammer’s strategy to strengthen its financial position and support its ongoing exploration and development activities.
Spark’s Take on TSE:HAMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HAMR is a Underperform.
Silver Hammer Mining’s overall score is low due to severe financial difficulties, marked by no revenue and consistent losses. The recent debt settlement is a positive step but insufficient to outweigh the financial struggles. While technical indicators suggest some stability, the valuation remains unattractive, given the negative earnings and lack of dividends.
To see Spark’s full report on TSE:HAMR stock, click here.
More about Silver Hammer Mining
Silver Hammer Mining Corp. is a junior resource company that focuses on advancing past-producing high-grade silver projects in the United States. The company controls 100% of the Silver Strand Mine in Idaho, as well as the Eliza Silver Project and the Silverton Silver Mine in Nevada, and the Lacy Gold Project in British Columbia. Silver Hammer aims to define and develop silver deposits near past-producing mines that have not been adequately tested, with additional exposure to copper and gold discoveries.
YTD Price Performance: 37.50%
Average Trading Volume: 98,768
Technical Sentiment Signal: Strong Buy
See more data about HAMR stock on TipRanks’ Stock Analysis page.