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City View Green Holdings ( (TSE:CVGR) ) just unveiled an announcement.
City View Green Holdings Inc. has announced a consolidation of its common shares, pending approval from the Canadian Securities Exchange. The company plans to consolidate its shares on a ten-to-one basis, which is expected to provide greater flexibility in financing and business transactions. Following the consolidation, the number of outstanding shares will be reduced from 456,813,473 to approximately 45,681,347. The company does not anticipate changing its name or trading symbol as part of this process.
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: 380,205
Technical Sentiment Signal: Sell
Current Market Cap: C$2.79M
Learn more about CVGR stock on TipRanks’ Stock Analysis page.