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The latest announcement is out from Golden Tag Resources ( (TSE:SVRS) ).
Silver Storm Mining Ltd. has announced its acquisition of Till Capital Corp., enhancing its liquidity by approximately C$6.2 million and gaining a portfolio of mineral investments and royalties. This strategic move, supported by both companies’ boards, is expected to strengthen Silver Storm’s market position and operational capabilities, particularly in the Coeur d’Alene Silver District and Nevada.
Spark’s Take on TSE:SVRS Stock
According to Spark, TipRanks’ AI Analyst, TSE:SVRS is a Underperform.
Golden Tag Resources faces significant financial challenges, typical of a pre-revenue mining exploration company. While technical indicators suggest a neutral outlook, the valuation remains unattractive due to the lack of profitability. The recent private placement announcement is a positive development, providing potential financial stability. However, overall risks remain high due to financial instability and lack of revenue.
To see Spark’s full report on TSE:SVRS stock, click here.
More about Golden Tag Resources
Silver Storm Mining Ltd. operates in the mining industry, focusing on silver assets. The company is involved in the exploration and development of high-quality silver projects, primarily in Mexico.
YTD Price Performance: 15.00%
Average Trading Volume: 313,931
Technical Sentiment Signal: Buy
Current Market Cap: C$57.73M
See more data about SVRS stock on TipRanks’ Stock Analysis page.