Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from DelphX Capital Markets ( (TSE:DELX) ).
DelphX Capital Markets Inc. has successfully closed a non-brokered private placement, issuing 2,151,000 units at C$0.07 each, raising gross proceeds of C$150,570. This offering, which involved insider participation, is classified as a ‘related party transaction’ but met exemptions from certain regulatory requirements. The proceeds are intended for general corporate purposes, and the completion of the offering is pending TSX Venture Exchange approval. The issuance includes cash finder’s fees and warrants, with securities subject to a hold period of four months plus one day.
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 specializing in the development and distribution of innovative structured products for the fixed income market. Through its special purpose vehicle, Quantem LLC, DelphX enables fixed income dealers to offer private placement securities that help mitigate spread and capital charge losses during downgrades, while providing attractive returns. Their proprietary products include collateralized put options and collateralized reference notes, which are fully collateralized and held in custody by US Bank.
Average Trading Volume: 31,504
Technical Sentiment Signal: Sell
Current Market Cap: C$15.81M
Find detailed analytics on DELX stock on TipRanks’ Stock Analysis page.