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Till Capital ( (TSE:TIL) ) has shared an update.
Silver Storm Mining Ltd. has successfully completed the acquisition of Till Capital Corporation through a court-approved plan of arrangement. This strategic move involved exchanging Till’s common shares for Silver Storm Units, enhancing Silver Storm’s market presence with additional shares, warrants, and contingent value rights. The arrangement signifies a significant expansion for Silver Storm, with the amalgamation expected to bolster its operations and market positioning, while Till’s shares will be delisted from the TSXV.
Spark’s Take on TSE:TIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:TIL is a Neutral.
Till Capital’s overall stock score of 41 reflects significant financial challenges, including continuous losses and declining revenues. Technical analysis points to weak momentum, and valuation metrics highlight profitability concerns. The lack of earnings call data and corporate events limits any potential positive reassessment.
To see Spark’s full report on TSE:TIL stock, click here.
More about Till Capital
Silver Storm Mining Ltd. is a company that holds advanced-stage silver projects located in Durango, Mexico. It acquired 100% of the La Parrilla Silver Mine Complex, a past producing operation with a 2,000 tpd mill and multiple mines, and holds a 100% interest in the San Diego Project, one of the largest undeveloped silver assets in Mexico.
Average Trading Volume: 5,822
Technical Sentiment Signal: Hold
Current Market Cap: C$7.34M
See more insights into TIL stock on TipRanks’ Stock Analysis page.