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The latest announcement is out from Affinor Growers ( (TSE:AFI) ).
Affinor Growers Inc. announced a non-brokered private placement to raise up to $500,000 through the sale of 9,090,909 units at $0.055 per unit. The proceeds will be used for administrative fees and to install new production towers for strawberry development, potentially impacting its operational capacity and market position in sustainable agriculture.
Spark’s Take on TSE:AFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:AFI is a Underperform.
Affinor Growers faces significant financial challenges with zero revenue and widening losses, resulting in a very low score. The company is highly leveraged with negative equity, adding to its risk profile. Technical analysis suggests a neutral market momentum but with a downward price trend. The negative P/E ratio and lack of dividend yield further undermine the stock’s valuation appeal.
To see Spark’s full report on TSE:AFI stock, click here.
More about Affinor Growers
Affinor Growers Inc. is a publicly traded company listed on the CSE under the symbol ‘AFI’ and on the OTCQB under the symbol ‘RSSFF’. The company is focused on developing vertical farming technologies to grow fruits and vegetables sustainably.
YTD Price Performance: -40.91%
Average Trading Volume: 32,109
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.59M
For detailed information about AFI stock, go to TipRanks’ Stock Analysis page.