Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
AbraSilver Resource ( (TSE:ABRA) ) has issued an update.
AbraSilver Resource Corp. has announced an increase in its previously declared bought deal equity financing, with underwriters agreeing to purchase 10,231,000 common shares at $2.55 each, generating gross proceeds of $26,089,050. The offering, subject to regulatory approvals, reflects the company’s strategic positioning and potential for growth, as stakeholders like Kinross Gold Corporation and Proener SAU may increase their participation, further supporting AbraSilver’s exploration endeavors.
More about AbraSilver Resource
AbraSilver Resource Corp. is an advanced-stage exploration company, primarily focused on developing its wholly-owned Diablillos silver-gold project in Argentina’s Salta and Catamarca provinces. The company also has a joint venture agreement with Teck for the La Coipita project in the San Juan province. AbraSilver is listed on the TSX-V under the symbol ‘ABRA’ and on the OTCQX under ‘ABBRF.’
YTD Price Performance: 6.78%
Average Trading Volume: 160,698
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $245.9M
See more insights into ABRA stock on TipRanks’ Stock Analysis page.
