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The latest announcement is out from CleanGo Innovations ( (TSE:CGII) ).
CleanGo Innovations Inc., a global provider of proprietary, non-toxic green technology solutions for multiple industries, is expanding its reach into the maritime sector with eco-certified cleaning and protection products aimed at helping clients meet tightening environmental and ESG standards. The company has signed an exclusive agency agreement with WSR Services LTD in Cyprus to spearhead the global launch and Mediterranean expansion of its new CleanGo Marine division, centered on CG-M100, a Green Seal certified, MARPOL-compliant dispersant for vessel and tanker cleaning. Leveraging Cyprus as a strategic hub for ship management and targeting ship repair and conversion markets, the partnership is expected to open high-level access to European and Middle Eastern shipping corridors, while CleanGo also explores a low-cost manufacturing and distribution base in Athens. The move positions CleanGo more firmly in the marine and shipping protection space and underscores rising demand for non-toxic, regulatory-compliant solutions among regional stakeholders and global ship owners.
The most recent analyst rating on (TSE:CGII) stock is a Sell with a C$0.38 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 that develops and commercializes early-stage, non-toxic and sustainable green technology products for retail, commercial and industrial applications. Its proprietary, Green Seal certified product suite is designed to be highly effective while environmentally responsible, including Health Canada–approved disinfectants that claim 99.9% efficacy against viruses and bacteria on hard surfaces, and is positioned as cruelty-free, family- and pet-safe solutions for global cleaning needs.
Average Trading Volume: 4,757
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.74M
Learn more about CGII stock on TipRanks’ Stock Analysis page.