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CHAR Technologies ( (TSE:YES) ) just unveiled an announcement.
CHAR Technologies Ltd. has successfully closed the order book on its non-brokered private placement, raising $1 million CAD through the sale of 5,000,000 units. The proceeds will be used for general working capital, ongoing project development, and investor relations services. This move is expected to support the company’s project pipeline and strengthen its position in the sustainable energy sector.
The most recent analyst rating on (TSE:YES) stock is a Buy with a C$0.55 price target. To see the full list of analyst forecasts on CHAR Technologies stock, see the TSE:YES Stock Forecast page.
Spark’s Take on TSE:YES Stock
According to Spark, TipRanks’ AI Analyst, TSE:YES is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance and unattractive valuation. While technical indicators show some short-term strength, the financial challenges and lack of earnings call data weigh heavily on the score.
To see Spark’s full report on TSE:YES stock, click here.
More about CHAR Technologies
CHAR Technologies Ltd. is a leader in sustainable energy solutions, specializing in high temperature pyrolysis technology that processes unmerchantable wood and organic wastes. This technology generates renewable natural gas or green hydrogen and solid biocarbon, which serves as a carbon-neutral replacement for metallurgical coal, aligning with global green energy transition goals.
Average Trading Volume: 89,522
Technical Sentiment Signal: Buy
Current Market Cap: C$36.75M
See more data about YES stock on TipRanks’ Stock Analysis page.