Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Silver Viper Minerals ( (TSE:VIPR) ) just unveiled an update.
Silver Viper Minerals Corp. has successfully closed a $3.6 million non-brokered private placement, issuing nearly 12 million units at $0.30 per unit. The proceeds will be used for drilling and exploration activities at the La Virginia project and for general corporate purposes. Notably, Eric Sprott increased his stake in the company through this placement, now owning 7.3% on a non-diluted basis. This investment highlights confidence in Silver Viper’s exploration projects and may influence future market activities.
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: 75,287
Technical Sentiment Signal: Hold
Current Market Cap: C$29.71M
Find detailed analytics on VIPR stock on TipRanks’ Stock Analysis page.