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An announcement from Golden Tag Resources ( (TSE:SVRS) ) is now available.
Silver Storm Mining has upgraded its U.S. trading status, with its shares now quoted on the OTCQX Best Market under the symbol SVRSF, while maintaining listings on the TSX Venture Exchange and Frankfurt Stock Exchange. Management says the move should enhance visibility with U.S. investors and improve share liquidity, reinforcing the company’s efforts to advance and potentially restart operations at its La Parrilla Silver Mine Complex, a key asset in its Mexican silver portfolio.
The most recent analyst rating on (TSE:SVRS) stock is a Hold with a C$0.52 price target. To see the full list of analyst forecasts on Golden Tag Resources stock, see the TSE:SVRS Stock Forecast page.
Spark’s Take on TSE:SVRS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVRS is a Neutral.
The score is primarily held back by weak financial performance (no revenue, widening losses, and ongoing cash burn), despite a low-debt balance sheet. Technicals are a positive with strong trend strength, though overbought signals increase pullback risk. Valuation is constrained by negative earnings and no dividend, while recent financing and restart-progress corporate events provide a moderate positive catalyst.
To see Spark’s full report on TSE:SVRS stock, click here.
More about Golden Tag Resources
Silver Storm Mining Ltd. is a precious metals company focused on advanced-stage silver projects in Durango, Mexico. The company owns 100% of the La Parrilla Silver Mine Complex, a historic operation featuring a 2,000 tonne-per-day mill, five underground mines and an open pit that together produced 34.3 million silver-equivalent ounces between 2005 and 2019, as well as the San Diego Project, one of Mexico’s largest undeveloped silver assets.
Average Trading Volume: 2,607,131
Technical Sentiment Signal: Buy
Current Market Cap: C$378.9M
For detailed information about SVRS stock, go to TipRanks’ Stock Analysis page.