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The latest announcement is out from Zedcor Energy Inc ( (TSE:ZDC) ).
Zedcor Inc. has secured a new $50 million revolving credit facility with National Bank of Canada, replacing its previous $30 million facility. This increased access to capital will support Zedcor’s growth initiatives, refinance existing debt, and enhance financial flexibility with improved interest rates and supportive covenants. The move strengthens Zedcor’s balance sheet, enabling it to execute its strategic growth plan and scale manufacturing capacity to meet growing demand in Canada and the U.S. Additionally, the company announced the departure of Tony Ciarla, President of Corporate Development.
The most recent analyst rating on (TSE:ZDC) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Zedcor Energy Inc stock, see the TSE:ZDC Stock Forecast page.
Spark’s Take on TSE:ZDC Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZDC is a Neutral.
Zedcor Energy Inc’s stock score is primarily influenced by its financial performance and technical analysis. While the company shows strong revenue growth and positive technical indicators, high valuation metrics and cash flow challenges weigh down the overall score.
To see Spark’s full report on TSE:ZDC stock, click here.
More about Zedcor Energy Inc
Zedcor Inc. is a company disrupting the traditional physical security industry through its proprietary MobileyeZ™ security towers, providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The company is expanding its platform of MobileyeZ™ towers in Canada and the United States, focusing on industry-leading service levels, data-supported efficiency outcomes, and continued innovation.
Average Trading Volume: 233,377
Technical Sentiment Signal: Buy
Current Market Cap: C$596.5M
See more insights into ZDC stock on TipRanks’ Stock Analysis page.