Dolly Varden Completes Acquisition of Porter Project in Golden Triangle

Dolly Varden Silver ( (TSE:DV) ) has issued an update.

Dolly Varden Silver Corporation announced the completion of its acquisition of the Porter Project on May 23, 2025, from Strikepoint Gold Inc. This acquisition, involving the issuance of 295,699 common shares, enhances Dolly Varden’s position in the Golden Triangle, a region known for its rich mineral deposits. The Porter Project, with its significant exploration potential between two historic silver-rich vein systems, is expected to bolster the company’s exploration capabilities and market positioning.

The most recent analyst rating on (TSE:DV) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Dolly Varden Silver stock, see the TSE:DV Stock Forecast page.

Spark’s Take on TSE:DV Stock

According to Spark, TipRanks’ AI Analyst, TSE:DV is a Neutral.

Dolly Varden Silver’s overall stock score reflects significant financial challenges, characterized by lack of revenue and consistent losses, offset by a strong equity base and absence of debt. While corporate events show strategic efforts to improve market positioning, technical analysis suggests a cautious approach given current price trends. Valuation concerns persist due to the negative P/E ratio and lack of profitability.

To see Spark’s full report on TSE:DV stock, click here.

More about Dolly Varden Silver

Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada. The project hosts high-grade silver and gold resources and is considered prospective for further precious metal deposits.

Average Trading Volume: 109,431

Technical Sentiment Signal: Hold

Current Market Cap: C$297.8M

For a thorough assessment of DV stock, go to TipRanks’ Stock Analysis page.