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DelphX Capital Markets ( (TSE:DELX) ) just unveiled an update.
DelphX Capital Markets Inc. plans to conduct a non-brokered private placement of up to 3,000,000 units at C$0.05 per unit to raise gross proceeds of C$150,000, with each unit comprising one common share and one warrant exercisable at C$0.08 for two years. The financing, which is subject to TSX Venture Exchange approval and includes a standard four-month-plus-one-day hold period on the securities, is intended to fund working capital and corporate overhead and may include participation by company insiders, signaling a modest capital injection to support ongoing operations and product development within its structured products platform.
The most recent analyst rating on (TSE:DELX) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on DelphX Capital Markets stock, see the TSE:DELX Stock Forecast page.
Spark’s Take on TSE:DELX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DELX is a Neutral.
The score is held down primarily by weak financial performance (persistent losses, negative cash flow, and negative equity). Technicals are also unfavorable with the stock below key longer-term moving averages and negative MACD. Valuation provides limited support because the company is loss-making and pays no dividend.
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, it enables broker-dealers to offer new private placement securities that integrate fixed-income and cryptocurrency solutions, including proprietary collateralized put options and collateralized reference notes that are fully collateralized and held in custody by US Bank for qualified institutional investors.
Average Trading Volume: 75,737
Technical Sentiment Signal: Sell
Current Market Cap: C$9.62M
Find detailed analytics on DELX stock on TipRanks’ Stock Analysis page.