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Rivalry Corp ( (TSE:RVLY) ) just unveiled an update.
Rivalry Corp. has provided an update on the management cease trade order (MCTO) issued by the Ontario Securities Commission due to a delay in filing its annual financial documents for the fiscal year ended December 31, 2024. The company expects to complete these filings by June 30, 2025, and there have been no material changes since the initial announcement. The MCTO will remain in effect until Rivalry fulfills its filing obligations, with no anticipated additional defaults. This situation highlights the company’s current regulatory challenges but also underscores its commitment to compliance and transparency.
The most recent analyst rating on (TSE:RVLY) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Rivalry Corp stock, see the TSE:RVLY Stock Forecast page.
Spark’s Take on TSE:RVLY Stock
According to Spark, TipRanks’ AI Analyst, TSE:RVLY is a Underperform.
Rivalry Corp’s stock score is primarily impacted by its weak financial health, characterized by persistent losses and high leverage. While there are positive strategic efforts in terms of product development and crypto market expansion, they are overshadowed by current financial instability and valuation challenges. Technical indicators further suggest cautious optimism without strong upward momentum, and recent corporate initiatives highlight potential future growth areas.
To see Spark’s full report on TSE:RVLY stock, click here.
More about Rivalry Corp
Rivalry Corp. is a Toronto-based company that operates as a leading sports betting and media company, offering regulated online wagering on esports, traditional sports, and casino games. It has a global presence and holds an Isle of Man license, as well as an internet gaming registration in Ontario. The company is focused on expanding its licensing in other countries and is recognized for its creative execution and brand positioning in online culture.
Average Trading Volume: 28,204
Technical Sentiment Signal: Sell
Current Market Cap: C$4.47M
For a thorough assessment of RVLY stock, go to TipRanks’ Stock Analysis page.