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An update from Datametrex AI ( (TSE:DM) ) is now available.
Datametrex AI Ltd. has announced an extension for the closing of its non-brokered private placement, expected to be finalized within two weeks, subject to TSX Venture Exchange approval. The funds raised will be used to expand the company’s healthcare product offerings, relocate two healthcare clinics, and for general working capital, without creating a new control person.
Spark’s Take on TSE:DM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DM is a Neutral.
Datametrex AI Limited is currently facing significant financial challenges, marked by declining revenues, negative profitability, and high leverage. While recent strategic moves in healthcare and AI sectors, as well as a notable service order, offer potential growth avenues, the immediate financial and valuation concerns weigh heavily on the stock’s outlook. Technical indicators suggest a neutral market position, further affecting the overall stock score.
To see Spark’s full report on TSE:DM stock, click here.
More about Datametrex AI
Datametrex AI Ltd. is a leader in technology solutions, artificial intelligence, healthcare, and mobile gaming. The company focuses on enhancing operational efficiencies and business outcomes through innovative tools and solutions, setting new standards for business protocols with cutting-edge technology.
Average Trading Volume: 78,947
Technical Sentiment Signal: Sell
Current Market Cap: C$1.92M
Find detailed analytics on DM stock on TipRanks’ Stock Analysis page.