Current Water Technologies Inc. Closes $209,450 Private Placement

Current Water Technologies Inc ( (TSE:WATR) ) has issued an update.

Current Water Technologies Inc. has successfully closed a private placement, raising $209,450 through the issuance of 6,981,667 units at $0.03 per unit. Each unit includes a common share and a share purchase warrant, exercisable at $0.06 per share for three years. The placement was conducted under the TSX Venture Exchange’s minimum price exception, with insider participation from CEO Gene Shelp. This financial move supports the company’s ongoing operations and strategic positioning within its industry.

Spark’s Take on TSE:WATR Stock

According to Spark, TipRanks’ AI Analyst, TSE:WATR is a Neutral.

Current Water Technologies Inc. demonstrates financial instability with high leverage and consistent losses, reflected in a low financial performance score. The technical analysis shows a neutral trend, lacking strong momentum. Valuation remains a concern due to negative earnings. However, recent corporate actions, such as securing new contracts and successful fundraising, offer positive growth prospects and potential stabilization.

To see Spark’s full report on TSE:WATR stock, click here.

More about Current Water Technologies Inc

Current Water Technologies Inc. is a technology company specializing in the application of patented electrochemical technologies for the treatment of wastewater, desalination water, and drinking water contaminated by metals or nutrients, serving sectors such as mining, metal processing, chemical, agricultural, municipal, and waste management. Additionally, its division, Pumptronics Incorporated, focuses on custom design and automation of integrated pump stations.

Average Trading Volume: 107,308

Technical Sentiment Signal: Sell

Current Market Cap: C$4.79M

See more data about WATR stock on TipRanks’ Stock Analysis page.