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The latest update is out from City View Green Holdings ( (TSE:CVGR) ).
City View Green Holdings Inc. has announced a non-brokered private placement aiming to raise up to $325,000 through the sale of units priced at $0.08 each. The proceeds from this offering will be used for general working capital expenses, with participation anticipated from company insiders, which may be considered a related party transaction.
Spark’s Take on TSE:CVGR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CVGR is a Underperform.
City View Green Holdings faces significant financial struggles with consistent losses, high leverage, and negative cash flows. Weak technical indicators and poor valuation metrics further reflect financial challenges, leading to a low overall stock score.
To see Spark’s full report on TSE:CVGR stock, click here.
More about City View Green Holdings
Average Trading Volume: 87,221
Technical Sentiment Signal: Sell
Current Market Cap: C$3.2M
See more insights into CVGR stock on TipRanks’ Stock Analysis page.