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GOAT Industries ( (TSE:GOAT) ) has issued an announcement.
GOAT Industries Ltd. has announced an increase in its non-brokered private placement offering to $6 million. The proceeds will be used to fund the acquisition of BETSource, expand its business, and for general corporate purposes, potentially enhancing GOAT’s industry positioning and stakeholder value.
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: 192,799
Technical Sentiment Signal: Buy
Current Market Cap: C$3.28M
For a thorough assessment of GOAT stock, go to TipRanks’ Stock Analysis page.