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The latest update is out from Kuya Silver ( (TSE:KUYA) ).
Kuya Silver Corporation has successfully closed the final tranche of its non-brokered private placement, raising a total of CAD$2,900,000. The proceeds will be used for general working capital, and the final tranche included a related party transaction, which was exempt from certain regulatory requirements. This financial maneuver is expected to bolster Kuya Silver’s operational capabilities and enhance its market position in the silver mining industry.
Spark’s Take on TSE:KUYA Stock
According to Spark, TipRanks’ AI Analyst, TSE:KUYA is a Neutral.
Kuya Silver’s stock score reflects its current financial challenges as a pre-revenue mining company, despite a strong equity position. Technical indicators show bullish momentum, yet overbought signals cause caution. Recent promising mineral discoveries offer potential upside, but the lack of immediate revenue remains a significant risk.
To see Spark’s full report on TSE:KUYA stock, click here.
More about Kuya Silver
Kuya Silver is a Canadian-based, growth-oriented mining company focused on silver. It operates the Bethania silver mine in Peru and is developing district-scale silver projects in mining-friendly jurisdictions such as Peru and Canada.
YTD Price Performance: 6.11%
Average Trading Volume: 127,669
Technical Sentiment Signal: Strong Buy
Current Market Cap: $19.85M
For detailed information about KUYA stock, go to TipRanks’ Stock Analysis page.