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Geekco Technologies Corporation Class A ( (TSE:GKO) ) just unveiled an announcement.
Geekco Technologies Corporation has increased the size of its ongoing private placement to a maximum of $1.5 million, or 30 million units priced at $0.05 each, after securing an initial $500,000 in a first tranche. Each unit consists of one Class A common share and one warrant, with each warrant allowing the holder to purchase an additional share at $0.05 for three years, a structure that could bolster Geekco’s capital base and provide additional funding flexibility to support the rollout and growth of its Tell Me marketing and local-commerce platform.
The most recent analyst rating on (TSE:GKO) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Geekco Technologies Corporation Class A stock, see the TSE:GKO Stock Forecast page.
Spark’s Take on TSE:GKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:GKO is a Neutral.
The score is held down primarily by very weak financial performance (ongoing losses, negative cash flow, and negative equity). Technicals provide some support due to a strong move above key moving averages and positive MACD, but overbought signals add risk. Valuation is also penalized because the company is loss-making (negative P/E) and has no stated dividend yield.
To see Spark’s full report on TSE:GKO stock, click here.
More about Geekco Technologies Corporation Class A
Geekco Technologies Corporation is a Montréal-based technology company focused on innovative marketing solutions that connect consumers with local businesses in real time. Its flagship Tell Me application uses an interactive map to help users discover nearby shops, access exclusive rewards, and find jobs, while enabling retailers to boost foot traffic, visibility and recruitment through a single digital platform.
Average Trading Volume: 208,999
Technical Sentiment Signal: Hold
Current Market Cap: C$3.99M
Find detailed analytics on GKO stock on TipRanks’ Stock Analysis page.