Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Golden Tag Resources ( (TSE:SVRS) ) has issued an update.
Silver Storm Mining Ltd. has announced the grant of incentive stock options to its directors, officers, employees, and consultants, allowing them to purchase a total of 37,000,000 common shares at $0.25 per share over five years. This move, under the company’s 2020 Amended and Restated Incentive Stock Option Plan, is subject to the rules of the TSX Venture Exchange and aims to align the interests of its stakeholders with the company’s growth objectives.
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. is a company that focuses on advanced-stage silver projects in Durango, Mexico. It is dedicated to restarting operations at its fully owned La Parrilla Silver Mine Complex, which includes a 2,000 tpd mill and three underground mines. Historically, La Parrilla produced 34.3 million silver-equivalent ounces from 2005 to 2019. The company also owns the San Diego Project, one of the largest undeveloped silver assets in Mexico.
Average Trading Volume: 2,529,917
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$145.7M
Learn more about SVRS stock on TipRanks’ Stock Analysis page.