DelphX Expands Broker Dealer Operations and Launches New Crypto Hedging Product

DelphX Capital Markets ( (TSE:DELX) ) has shared an announcement.

DelphX Capital Markets Inc. has announced a strategic expansion of its broker dealer, DelphX Services Corp, to market private placements for growth companies across North America, aiming to generate revenue and strengthen its market position. Additionally, DelphX is launching a new product, Quantem Crypto Security, to provide safe hedging solutions in the volatile crypto market, with expectations of increased revenue opportunities across various sectors.

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 focused on developing and distributing next-generation structured products. Through its special purpose vehicle Quantem LLC, DelphX enables broker dealers to offer new private placement securities that provide fixed income and cryptocurrency solutions. The company’s proprietary products include collateralized put options and collateralized reference notes, which are fully collateralized and held in custody by US Bank.

Average Trading Volume: 39,005

Technical Sentiment Signal: Sell

Current Market Cap: C$10.99M

For detailed information about DELX stock, go to TipRanks’ Stock Analysis page.