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The latest update is out from Quizam Media ( (TSE:QQ) ).
Quizam Media Corporation has announced a non-brokered private placement of $250,000, issuing 5,000,000 units at $0.05 per unit, each comprising one common share and a half share purchase warrant exercisable at $0.15 for 24 months. This financing move, which includes significant participation from insider CEO Russ Rossi, is expected to bolster the company’s financial position, potentially impacting its operations and market presence in the entertainment and cannabis sectors.
Spark’s Take on TSE:QQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:QQ is a Neutral.
Quizam Media’s financial difficulties, marked by declining revenues, persistent losses, and negative cash flows, significantly weigh down its overall stock score. Despite strong technical momentum, the stock is in an overbought condition, which may lead to a price correction. The poor valuation metrics further compound the risk, making it a speculative investment at this time.
To see Spark’s full report on TSE:QQ stock, click here.
More about Quizam Media
Quizam Media Corporation is involved in the production, aggregation, marketing, and broadcasting of movie entertainment and online virtual learning through its subsidiaries, including Quizam Entertainment, On-Track Corp. Training, and OnTrackTV. Additionally, it operates a chain of cannabis dispensaries in British Columbia under the name Quantum1 Cannabis.
YTD Price Performance: 20.0%
Average Trading Volume: 4,480
Technical Sentiment Signal: Hold
Current Market Cap: C$3.53M
For an in-depth examination of QQ stock, go to TipRanks’ Stock Analysis page.