TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Affinor Growers ( (TSE:AFI) ).
Affinor Growers Inc. has announced the settlement of a debt amounting to $365,757.79 with three creditors by issuing 6,095,963 common shares at a price of $0.06 per share. This transaction, involving related parties, aims to strengthen the company’s financial position without affecting its market capitalization significantly.
Spark’s Take on TSE:AFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:AFI is a Underperform.
Affinor Growers faces significant financial challenges with zero revenue and widening losses, resulting in a very low score. The company is highly leveraged with negative equity, adding to its risk profile. Technical analysis suggests a neutral market momentum but with a downward price trend. The negative P/E ratio and lack of dividend yield further undermine the stock’s valuation appeal.
To see Spark’s full report on TSE:AFI stock, click here.
More about Affinor Growers
Affinor Growers Inc. is a publicly traded company focused on developing vertical farming technologies to grow fruits and vegetables sustainably. It is listed on the CSE under the symbol ‘AFI’ and on the OTC PINK under the symbol ‘RSSFF’.
YTD Price Performance: -59.09%
Average Trading Volume: 20,281
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.8M
See more data about AFI stock on TipRanks’ Stock Analysis page.