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GOAT Industries ( (TSE:GOAT) ) has issued an update.
GOAT Industries Ltd. has successfully closed the final tranche of its non-brokered private placement, raising a total of C$5,379,713.10. The proceeds will be used to fund the acquisition and expansion of BETSource, as well as for future investments and general corporate purposes, enhancing GOAT’s strategic positioning in the market.
Spark’s Take on TSE:GOAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GOAT is a Neutral.
GOAT Industries faces severe financial difficulties with negative profitability, high leverage, and weak cash flows, significantly impacting its stock score. Despite these challenges, technical analysis shows positive momentum, providing some support to the score. However, the lack of earnings and dividends weighs heavily on the company’s valuation, resulting in a low overall score.
To see Spark’s full report on TSE:GOAT stock, click here.
More about GOAT Industries
GOAT Industries Ltd. is an investment issuer focused on investing in high-potential companies across various industries and sectors, aiming to generate maximum returns from its investments.
Average Trading Volume: 173,032
Technical Sentiment Signal: Hold
Current Market Cap: C$9.68M
For detailed information about GOAT stock, go to TipRanks’ Stock Analysis page.