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The latest update is out from Cross River Ventures ( ($TSE:CRVC.X) ).
Cross River Ventures Corp., based in Vancouver, has successfully closed a non-brokered private placement, issuing 144 million common shares at $0.005 each, raising $720,000. The funds will be used to settle outstanding liabilities and for working capital, pending necessary regulatory approvals. The securities are subject to a hold period under Canadian law, and the transaction has not been registered under U.S. securities laws.
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.