Silver Elephant Mining Corp has experienced notable price movements and significant developments recently.
Silver Elephant Mining Corp (ELEF.TO) has seen its stock price increase by 12% over the past week. Despite this positive momentum, the stock is down 55.56% year-to-date. The latest trading session closed with the stock remaining flat at C$0.14.
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Silver Elephant Mining Corp
ELEF.TO
ELEF.TO
Silver Elephant Mining Corp
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Market cap
$8.06M
P/E
0.3x
52W high
$0.44
52W low
$0.11
1W change
+12.00%
Beta
2.25
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ELEF's historical volatility
30-Day Vol
88.5%
Annualized
90-Day Vol
87.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.12
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.13 | C$0.10 – C$0.18 |
| 60 trading days | C$0.12 | C$0.08 – C$0.19 |
| 90 trading days | C$0.12 | C$0.07 – C$0.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should note the company's recent financial activities and operational developments as they assess the potential for future growth amidst a volatile market environment.
C$0.14 Close with 12% Weekly Gain
The stock's closing price of C$0.14 represents a significant drop from its 52-week high of C$0.44, reflecting ongoing challenges in the mining sector.
Bull case
The acquisition of the Robinson-Lasher project and the start of toll milling operations could help Silver Elephant grow, especially if these initiatives deliver positive results.
Bear case
The steep year-to-date decline and low trading volume compared to the average may signal market skepticism about the company's future performance.
Recent Price Action
Silver Elephant Mining Corp's stock closed at C$0.14, unchanged from the previous trading session. Over the past week, the stock has gained 12%, contrasting with its year-to-date decline of 55.56%. The company’s recent price movements reflect a mix of investor sentiment and market conditions.
Company News and Developments
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Silver Elephant has been active in the market, recently closing a second tranche of its non-brokered private placement, raising $260,000. This follows the company's announcement of plans to acquire the Robinson-Lasher zinc-germanium-gallium project in Kentucky, which could enhance its resource portfolio. Additionally, the company has started trucking and toll milling operations at its Apuradita Paca Project in Bolivia, aiming to process approximately 10,000 tonnes of mineralized material.
Technical Picture
The stock is currently trading above its 50-day moving average of C$0.13, which is a positive indicator (+11.5% vs price). However, it remains significantly below its 200-day moving average of C$0.22 (-34.9% vs price). The 52-week trading range for Silver Elephant is C$0.11 to C$0.44, indicating that the current price is at approximately 11% of its range. With a beta of 2.25, the stock remains highly volatile, and the latest trading volume was 44,151 shares, which is below the 20-day average volume of 60,830 shares.
Insider Activity
No recent insider transactions have been reported for Silver Elephant Mining Corp, suggesting a lack of insider buying or selling in the current period.
Price Action Summary
Silver Elephant Mining Corp closed at C$0.14, reflecting a 0.00% change in the last trading session. The stock's performance over the past week shows a 12% increase, indicating some positive momentum in the short term.
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