Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
CleanGo Innovations ( (TSE:CGII) ) has provided an update.
CleanGo Innovations has launched its MycoSet oilfield remediation technology globally, positioning its Saudi Arabian subsidiary, CleanGo Arabia, at the center of expansion into Saudi Arabia and the wider Gulf Cooperation Council markets. The MycoSet suite, which includes the BioIngress biostimulant and PhytoCentra surfactant, is engineered to work in extreme arid and hypersaline environments and offers in‑situ hydrocarbon cleanup that the company says can outperform traditional mechanical and thermal methods while cutting logistics costs by up to 60% and water use by 85%. By emphasizing biological restoration of contaminated soils and aligning with regional partners such as Sanad Industrial Co., CleanGo aims to tap into tightening environmental regulations, support Saudi Vision 2030 objectives and establish a cost‑effective, nature‑based remediation standard for some of the world’s largest energy operators, potentially strengthening its competitive position in the global oilfield services and green technologies markets.
The most recent analyst rating on (TSE:CGII) stock is a Hold with a C$0.49 price target. To see the full list of analyst forecasts on CleanGo Innovations stock, see the TSE:CGII Stock Forecast page.
Spark’s Take on TSE:CGII Stock
According to Spark, TipRanks’ AI Analyst, TSE:CGII is a Neutral.
The score is held down primarily by weak financial performance (shrinking revenue, very large losses, negative equity, and continued cash burn). Technicals also remain bearish with the stock below key moving averages and negative MACD, despite near-oversold readings. Corporate events provide some upside optionality, but are not yet enough to offset the financial and trend risks.
To see Spark’s full report on TSE:CGII stock, click here.
More about CleanGo Innovations
CleanGo Innovations Inc. is an international publicly traded company specializing in proprietary, certified green and sustainable solutions for industrial, commercial and retail applications. With manufacturing operations across North and South America and now Saudi Arabia, the company focuses on replacing toxic chemicals with high‑performance, environmentally friendly alternatives, targeting sectors such as energy and industrial services where regulatory pressure and demand for cleaner technologies are rising.
Average Trading Volume: 4,611
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.66M
See more data about CGII stock on TipRanks’ Stock Analysis page.