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The latest announcement is out from Silver Viper Minerals ( (TSE:VIPR) ).
Silver Viper Minerals Corp. has successfully closed a $3.5 million non-brokered private placement, issuing over 23 million units at $0.15 each. The proceeds will be used for drilling and exploration activities at the La Virginia project, as well as for general corporate purposes. The involvement of company insiders in the offering, which constitutes a related party transaction, underscores confidence in the company’s future prospects.
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 has acquired the Cimarron Project in Sinaloa, Mexico.
Average Trading Volume: 69,889
Technical Sentiment Signal: Sell
Current Market Cap: C$13.11M
For a thorough assessment of VIPR stock, go to TipRanks’ Stock Analysis page.