Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Quizam Media ( (TSE:QQ) ) has provided an update.
Quizam Media Corporation has successfully closed a private placement, raising $250,000 through the sale of 5,000,000 units at $0.05 per unit. The funds will be used for general working capital, and no bonuses or commissions were paid in connection with this placement. This move is expected to bolster the company’s financial position and support its ongoing operations in the entertainment and cannabis sectors.
Spark’s Take on TSE:QQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:QQ is a Underperform.
Quizam Media’s overall stock score is adversely impacted by its weak financial performance, with ongoing profitability and solvency issues. Technical analysis indicates current momentum, but caution is warranted due to overbought conditions. Valuation metrics are also unfavorable, highlighting the speculative nature of the investment. The recent private placement provides a positive outlook for financial stability, but significant risks remain.
To see Spark’s full report on TSE:QQ stock, click here.
More about Quizam Media
Quizam Media Corporation is a diversified company involved in the production, aggregation, marketing, and broadcasting of movie entertainment and online virtual learning through its subsidiaries, including Quizam Entertainment and On-Track Corp. Training. Additionally, it operates a chain of cannabis dispensaries in British Columbia under the name Quantum1 Cannabis.
Average Trading Volume: 5,021
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.77M
For detailed information about QQ stock, go to TipRanks’ Stock Analysis page.