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Southern Silver Exploration ( (TSE:SSV) ) just unveiled an update.
Southern Silver Exploration Corp. has successfully closed a ‘bought deal’ private placement, raising C$15 million. The funds will be used to advance the Cerro Las Minitas project in Mexico, working capital, and general corporate purposes. This strategic move aims to strengthen the company’s position in the mineral exploration industry and enhance its project development capabilities.
The most recent analyst rating on (TSE:SSV) stock is a Buy with a C$0.60 price target. To see the full list of analyst forecasts on Southern Silver Exploration stock, see the TSE:SSV Stock Forecast page.
Spark’s Take on TSE:SSV Stock
According to Spark, TipRanks’ AI Analyst, TSE:SSV is a Neutral.
Southern Silver Exploration shows significant financial weaknesses, with no revenue and persistent losses. The technical indicators are not favorable, reflecting a bearish trend. The company’s valuation metrics are unattractive due to its unprofitability. However, recent corporate events, including successful project advancements and strategic acquisitions, offer a glimmer of potential future growth, slightly improving the outlook.
To see Spark’s full report on TSE:SSV stock, click here.
More about Southern Silver Exploration
Southern Silver Exploration Corp. is an exploration and development company focused on discovering world-class mineral deposits, particularly in Mexico’s Faja de Plata. The company emphasizes the development of the Cerro Las Minitas silver-lead-zinc project and holds other properties, including the Nazas property, Oro porphyry copper-gold project, and Hermanas gold-silver vein project.
Average Trading Volume: 444,642
Technical Sentiment Signal: Buy
Current Market Cap: C$79.21M
For detailed information about SSV stock, go to TipRanks’ Stock Analysis page.