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The latest update is out from Datametrex AI ( (TSE:DM) ).
Datametrex AI Limited has successfully closed its non-brokered private placement and subscription receipt financing, raising a total of $5,133,500. The funds will be used to integrate the Yuzu Payment Solution into its technology division and support business expansion, including the establishment of a new clinic. The completion of the subscription receipt financing is crucial for the acquisition of Yuzu Payment Solution, with specific conditions set for the release of funds from escrow.
Spark’s Take on TSE:DM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DM is a Neutral.
The overall stock score is primarily impacted by the company’s poor financial performance, characterized by declining revenues and negative profitability. Technical analysis also indicates bearish trends, while valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events did not influence the score.
To see Spark’s full report on TSE:DM stock, click here.
More about Datametrex AI
Datametrex AI Limited operates in the technology industry, focusing on AI-driven solutions and services. The company is involved in expanding its technology division and exploring merchant opportunities, particularly through the integration of payment solutions.
Average Trading Volume: 116,335
Technical Sentiment Signal: Sell
Current Market Cap: C$2.91M
Learn more about DM stock on TipRanks’ Stock Analysis page.