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Silver Viper Minerals ( (TSE:VIPR) ) has issued an announcement.
Silver Viper Minerals Corp. has announced plans for an additional non-brokered private placement due to strong investor interest, aiming to raise up to $6 million in total. The proceeds will be used for drilling and exploration activities at La Virginia and for general corporate purposes, with the offering expected to close in tranches starting June 25, 2025, subject to regulatory approvals.
Spark’s Take on TSE:VIPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:VIPR is a Underperform.
Silver Viper Minerals has a low overall stock score due to significant financial challenges such as a lack of revenue and persistent losses, which are not offset by a strong balance sheet. The technical analysis suggests a bearish outlook, and valuation metrics indicate unprofitability with no dividend yield. The absence of earnings call data and corporate events further emphasizes the need for improvements in revenue generation and operational efficiency to enhance sustainability and investment appeal.
To see Spark’s full report on TSE:VIPR stock, click here.
More about Silver Viper Minerals
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora and is actively evaluating and advancing mineral exploration opportunities across key mining jurisdictions in Mexico.
Average Trading Volume: 67,722
Technical Sentiment Signal: Sell
Current Market Cap: C$7.79M
See more data about VIPR stock on TipRanks’ Stock Analysis page.