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CHAR Technologies ( (TSE:YES) ) has issued an update.
CHAR Technologies has announced a repricing of its previously announced private placement, now offering up to 4,550,000 units at $CDN 0.22 per unit, aiming to raise approximately $CDN 1 million. The decision follows a positive market response to a recent government grant. The offering remains fully subscribed with institutional investors, and the proceeds will support the company’s project pipeline and capital advisory services, enhancing 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 is a leader in sustainable energy solutions, utilizing its high temperature pyrolysis (HTP) technology to process unmerchantable wood and organic wastes. This process generates renewable natural gas or green hydrogen and a solid biocarbon, serving as a carbon-neutral replacement for metallurgical coal, aligning with the global green energy transition.
Average Trading Volume: 94,104
Technical Sentiment Signal: Buy
Current Market Cap: C$37.4M
See more insights into YES stock on TipRanks’ Stock Analysis page.