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Petro Viking Energy ( (TSE:VIK) ) has shared an announcement.
Avila Energy Corporation, a company listed on the Canadian Securities Exchange, has announced the filing of its previously delayed annual financial statements for the year ended December 31, 2023. The company had been under a cease trade order due to its failure to file these documents on time. Avila Energy is now working towards lifting the cease trade order and resuming trading on the Canadian Securities Exchange by addressing its financial reporting issues and obtaining creditor approval for an extension. The company is confident in securing the necessary approvals to move forward.
Spark’s Take on TSE:VIK Stock
According to Spark, TipRanks’ AI Analyst, TSE:VIK is a Underperform.
The overall stock score for Petro Viking Energy is low due to significant financial challenges, including declining revenue, negative profitability, high leverage, and poor cash flow generation. The lack of technical analysis data and earnings call insight further limits the evaluation, while the negative P/E ratio and absence of a dividend yield suggest an unattractive valuation.
To see Spark’s full report on TSE:VIK stock, click here.
More about Petro Viking Energy
Average Trading Volume: 13,569
Technical Sentiment Signal: Sell
Current Market Cap: C$1.13M
See more data about VIK stock on TipRanks’ Stock Analysis page.