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Liberty Defense Holdings ( (TSE:SCAN) ) has shared an announcement.
Liberty Defense Holdings Ltd. announced amended terms for its private placement offering, aiming to raise between $1.5 million and $3 million through the issuance of units comprising common shares and purchase warrants. The proceeds will be used for the production of HEXWAVE technology units, investor relations, marketing, and general working capital, potentially strengthening Liberty’s market position in the security technology industry.
The most recent analyst rating on (TSE:SCAN) stock is a Sell with a C$0.23 price target. To see the full list of analyst forecasts on Liberty Defense Holdings stock, see the TSE:SCAN Stock Forecast page.
Spark’s Take on TSE:SCAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCAN is a Underperform.
The overall stock score is heavily influenced by the company’s poor financial performance, including declining revenues and negative profitability margins. Technical analysis also indicates bearish trends, with the stock trading below key moving averages and weak market momentum. The valuation is unattractive due to a negative P/E ratio and no dividend yield.
To see Spark’s full report on TSE:SCAN stock, click here.
More about Liberty Defense Holdings
Liberty Defense Holdings Ltd. is a leading technology provider specializing in AI-based next-generation detection solutions for concealed weapons and threats. The company offers multi-technology security solutions aimed at enhancing safety and security in various environments.
Average Trading Volume: 843,195
Technical Sentiment Signal: Sell
Current Market Cap: C$18.58M
Find detailed analytics on SCAN stock on TipRanks’ Stock Analysis page.