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GOAT Industries ( (TSE:GOAT) ) just unveiled an announcement.
GOAT Industries Ltd. has successfully closed the first tranche of its non-brokered private placement, raising C$2,019,199.80 through the sale of 6,730,666 units. The proceeds will be used to fund the acquisition and development of BETSource, as well as for future investments and general corporate purposes. The transaction includes participation from a company insider, constituting a related party transaction under Canadian regulations.
Spark’s Take on TSE:GOAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GOAT is a Neutral.
GOAT Industries faces severe financial difficulties with negative profitability, high leverage, and weak cash flows, significantly impacting its stock score. Despite these challenges, technical analysis shows positive momentum, providing some support to the score. However, the lack of earnings and dividends weighs heavily on the company’s valuation, resulting in a low overall score.
To see Spark’s full report on TSE:GOAT stock, click here.
More about GOAT Industries
GOAT Industries Ltd. is an investment issuer focused on investing in high-potential companies across various industries and sectors with the aim of generating maximum returns from its investments.
Average Trading Volume: 195,619
Technical Sentiment Signal: Buy
Current Market Cap: C$7.4M
See more data about GOAT stock on TipRanks’ Stock Analysis page.