The latest update is out from Questor Technology ( (TSE:QST) ).
Questor Technology Inc. has secured a $2.4 million contract to provide clean combustion solutions in Iraq, marking its second project in the MENA region for a leading global exploration and production company. This initiative aligns with Iraq’s Nationally Determined Contribution guidelines to reduce flaring and methane emissions. The contract highlights Questor’s expanding presence in the MENA region and its commitment to sustainable energy production, reinforcing its reputation for delivering cost-effective, high-performance technology.
Spark’s Take on TSE:QST Stock
According to Spark, TipRanks’ AI Analyst, TSE:QST is a Neutral.
Questor Technology’s overall stock score reflects significant financial challenges, including declining revenues and profitability issues. The technical analysis supports a bearish outlook with weak momentum indicators. The valuation is concerning due to a negative P/E ratio and lack of dividends. These factors suggest caution for potential investors until the company addresses its financial and operational inefficiencies.
To see Spark’s full report on TSE:QST stock, click here.
More about Questor Technology
Questor Technology Inc., founded in 1994 and based in Canada, specializes in environmental emissions reduction technology. The company focuses on clean air technologies that enhance air quality, improve energy efficiency, and reduce greenhouse gas emissions. Questor designs and manufactures high-efficiency clean combustion systems and has proprietary heat to power generation technology. It targets various markets, including oil and gas, landfill biogas, and geothermal, aiming to help clients achieve net-zero emission targets.
YTD Price Performance: -43.75%
Average Trading Volume: 32,455
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.33M
For a thorough assessment of QST stock, go to TipRanks’ Stock Analysis page.