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DelphX Capital Markets ( (TSE:DELX) ) has provided an announcement.
DelphX Capital Markets Inc. announced the closing of an additional 1,000,000 units in its non-brokered private placement, raising a total of C$300,000. The offering, which included insider participation, is considered a related party transaction but met exemptions from certain regulatory requirements. The proceeds will be used for general corporate purposes. Additionally, DelphX granted 1,800,000 stock options to eligible participants under its stock option plan, with a two-year maturity and an exercise price of $0.08 per share.
Spark’s Take on TSE:DELX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DELX is a Underperform.
DelphX Capital Markets faces substantial financial difficulties, with negative revenue and profitability, and a distressed balance sheet. While technical analysis shows some short-term positive momentum, the lack of profitability and poor valuation metrics weigh heavily on the stock’s overall score. The absence of notable earnings call data or corporate events leaves the financial performance and valuation as the primary determinants of the low score.
To see Spark’s full report on TSE:DELX stock, click here.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company that focuses on developing and distributing innovative structured products. Through its special purpose vehicle, Quantem LLC, DelphX enables broker dealers to offer private placement securities that integrate fixed income and cryptocurrency solutions. The company’s proprietary products, collateralized put options (CPOs) and collateralized reference notes (CRNs), provide secured rating downgrade protection and attractive returns for investors.
Average Trading Volume: 50,461
Technical Sentiment Signal: Sell
Current Market Cap: C$10.99M
For a thorough assessment of DELX stock, go to TipRanks’ Stock Analysis page.