Potential Breakout Ahead For $SSVR Share prices of Summa Silver Corp. $SSVR $SSVR.V are showing signs of a classic pennant formation as relative share volume saw a rise in the past couple of weeks. WIth other indicators showing signs of flux, I expect it won’t be long until shares of $SSVR make a big move.
$SSVR is expected to close its $10 million round of private financing on February 10. First Majestic and Candian billionaire Eric Sprott have both participated in this round of funding, showing a significant endorsement of $SSVR’s ongoing work and future potential. Net proceeds from the offering are expected to be used for exploration, corporate development, and general working capital purposes.
It should be an exciting year ahead for $SSVR and I expect updates on its two US silver projects to provide strong catalysts for the company’s share price.
$SSVR is currently trading at $.96 and the company is valued at a current market cap of $60,58 million.
https://ceo.ca/@nasdaq/summa-silver-corp-announces-upsize-of-brokered-private