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An announcement from Dolly Varden Silver ( (TSE:DV) ) is now available.
Dolly Varden Silver Corporation has announced a $30 million bought-deal financing agreement with Haywood Securities and Research Capital Corporation, involving the issuance of common shares and flow-through shares. The proceeds will be used for working capital, general corporate purposes, and further exploration and resource expansion at the Kitsault Valley project. The offering is expected to close by October 23, 2025, pending regulatory approvals.
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 company operating in the mining industry, primarily focused on the exploration and development of silver and other precious metals. The company is engaged in mineral resource expansion and drilling projects, particularly at its Kitsault Valley project in northwestern British Columbia, Canada.
Average Trading Volume: 125,682
Technical Sentiment Signal: Buy
Current Market Cap: C$602.3M
For detailed information about DV stock, go to TipRanks’ Stock Analysis page.