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Clear Blue Technologies International ( (TSE:CBLU) ) has issued an update.
Clear Blue Technologies International has closed the final tranche of its previously announced non-brokered private placement, raising total gross proceeds of approximately $1.1 million through the issuance of 21,934,000 units priced at $0.05, each consisting of one common share and one warrant exercisable at $0.06 for 36 months. The financing, which included insider participation and is subject to final regulatory approval and a standard hold period, is expected to support the company’s sales and business development efforts as well as general working capital, bolstering its resources as it pursues growth in the smart off-grid power market.
The most recent analyst rating on (TSE:CBLU) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Clear Blue Technologies International stock, see the TSE:CBLU Stock Forecast page.
Spark’s Take on TSE:CBLU Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBLU is a Neutral.
The score is primarily held back by weak financial performance: ongoing losses, negative equity and leverage concerns, and challenged operating/free cash flow. Technicals are moderately supportive in the near term (price above shorter moving averages with positive momentum), but valuation remains constrained by unprofitable earnings (negative P/E) and no dividend yield data.
To see Spark’s full report on TSE:CBLU stock, click here.
More about Clear Blue Technologies International
Clear Blue Technologies International is a Toronto-based provider of Smart Off-Grid power solutions and services for mission-critical infrastructure, including telecommunications, Internet of Things (IoT) deployments and street lighting. Its technology is designed to deliver cost savings, predictive maintenance and reliable power in remote or challenging environments, targeting customers that require resilient, off-grid energy systems.
Average Trading Volume: 63,008
Technical Sentiment Signal: Sell
Current Market Cap: C$6.5M
See more insights into CBLU stock on TipRanks’ Stock Analysis page.