Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Prisma Exploration Inc ( (TSE:GFT) ).
Grafton Resources Inc., a company listed on the Canadian Securities Exchange and OTCQB, announced the closing of a non-brokered private placement, raising $350,000 through the issuance of 700,000 units. Each unit consists of one common share and one-half of a common share purchase warrant. The funds will be used for working capital and general corporate purposes. The offering is subject to acceptance by the Canadian Securities Exchange and the securities are under a four-month hold period. This move is expected to strengthen the company’s financial position and provide flexibility for future operations.
Spark’s Take on TSE:GFT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFT is a Underperform.
Prisma Exploration Inc. shows significant financial instability, with high leverage and negative cash flows. Technical indicators reflect low market momentum, and the lack of earnings makes valuation challenging. These factors combine to create a high-risk stock profile.
To see Spark’s full report on TSE:GFT stock, click here.
More about Prisma Exploration Inc
Average Trading Volume: 17,138
Technical Sentiment Signal: Buy
Find detailed analytics on GFT stock on TipRanks’ Stock Analysis page.