An announcement from Silver Elephant Mining ( (TSE:ELEF) ) is now available.
Silver Elephant Mining Corp. has announced an amendment to its previously announced non-brokered private placement, increasing the gross proceeds to CAD540,000 through the sale of 3,000,000 units. Each unit comprises one common share and one share purchase warrant, with the proceeds intended for general corporate purposes. The transaction includes a related party component, as Director John Lee will subscribe for 500,000 units, and is subject to approval by the Toronto Stock Exchange.
Spark’s Take on TSE:ELEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Underperform.
Silver Elephant Mining faces significant financial challenges with zero revenue and mounting losses, which heavily impact its overall stock score. Technical analysis shows some short-term stability but a longer-term bearish trend. Valuation concerns due to a negative P/E ratio and lack of dividends further weigh on the score. Mixed corporate events add complexity, with financial initiatives slightly balancing operational setbacks. Overall, the stock presents high risk with limited immediate upside.
To see Spark’s full report on TSE:ELEF stock, click here.
More about Silver Elephant Mining
Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia.
YTD Price Performance: 21.05%
Average Trading Volume: 85,709
Technical Sentiment Signal: Buy
Current Market Cap: C$9.12M
See more insights into ELEF stock on TipRanks’ Stock Analysis page.