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Petro Viking Energy ( (TSE:VIK) ) has issued an update.
Avila Energy Corporation, a company listed on the Canadian Securities Exchange, has announced the revocation of a cease trade order issued by the Alberta Securities Commission. This development follows the company’s compliance with filing its annual and quarterly financial statements and related certifications. The revocation allows Avila Energy to proceed with a private placement and seek the resumption of trading its shares on the CSE, signaling a positive step towards stabilizing its financial operations and market presence.
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
Find detailed analytics on VIK stock on TipRanks’ Stock Analysis page.