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Cross River Ventures ( ($TSE:CRVC.X) ) has provided an announcement.
Cross River Ventures Corp., a company listed on the Canadian Securities Exchange, has announced a non-brokered private placement of up to 144 million common shares at a price of CAD$0.005 per share, aiming to raise up to $720,000. The proceeds from this offering will be used to address outstanding liabilities and for working capital purposes. The shares will be subject to a hold period of four months and one day, and the closing of the offering is contingent upon customary conditions, including necessary approvals. This move is expected to impact the company’s financial position by providing necessary funds for operational needs.
Spark’s Take on TSE:CRVC.X Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRVC.X is a Underperform.
Cross River Ventures shows significant financial distress with no revenue, negative equity, and reliance on external funding. Valuation metrics are weak, highlighted by a negative P/E ratio. Technical indicators reflect stagnant price movement, further underscoring financial and operational challenges. The lack of recent earnings call insights or corporate events means the analysis heavily focuses on existing financial and technical data, resulting in a low overall score.
To see Spark’s full report on TSE:CRVC.X stock, click here.
More about Cross River Ventures
Technical Sentiment Signal: Sell
Current Market Cap: C$720.1K
See more data about CRVC.X stock on TipRanks’ Stock Analysis page.