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The latest update is out from SPIRIT Blockchain Capital, Inc. ( (TSE:SPIR) ).
Spirit Blockchain Capital announced a shares-for-services transaction to settle $50,000 owed to an independent consultant by issuing 810,417 common shares. The transaction is subject to approval by the Canadian Securities Exchange and compliance with applicable securities laws, and it reflects the company’s strategic approach to managing its financial obligations while maintaining focus on growth and innovation in the blockchain sector.
Spark’s Take on TSE:SPIR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPIR is a Underperform.
The overall score is driven by significant financial challenges including high leverage, negative equity, and cash flow issues. While there is some revenue growth and technical stability, the valuation lacks clarity due to missing metrics, leading to an overall cautious outlook.
To see Spark’s full report on TSE:SPIR stock, click here.
More about SPIRIT Blockchain Capital, Inc.
Spirit Blockchain Capital is a leading investment company in the blockchain industry, offering a variety of opportunities for capital appreciation through its operational business line and asset management services. The company emphasizes innovation, strategic investments, and operational excellence to harness the potential of the digital economy.
Average Trading Volume: 490,251
Technical Sentiment Signal: Sell
Learn more about SPIR stock on TipRanks’ Stock Analysis page.