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An update from Minaean SP Construction ( (TSE:MSP) ) is now available.
Minaean SP Construction Corp. announced a private placement of up to 60,000,000 common shares at $0.01 per share, aiming to raise up to $600,000. The funds will be allocated with 25% for general working capital and 75% for business purposes and exploring new opportunities, pending TSX Venture Exchange approval.
Spark’s Take on TSE:MSP Stock
According to Spark, TipRanks’ AI Analyst, TSE:MSP is a Underperform.
Minaean SP Construction’s overall stock score is considerably low at 18, primarily due to severe financial distress characterized by zero revenue and significant losses. Technical indicators suggest neutral market momentum, but are insufficient to offset financial weaknesses. The negative P/E ratio and absence of a dividend yield further detract from the stock’s attractiveness.
To see Spark’s full report on TSE:MSP stock, click here.
More about Minaean SP Construction
Minaean SP Construction Corp. operates in the construction industry, focusing on providing construction services and exploring new business opportunities. The company is listed on the TSX Venture Exchange and the Berlin and Frankfurt Stock Exchanges.
YTD Price Performance: -25.00%
Average Trading Volume: 39,098
Technical Sentiment Signal: Buy
Current Market Cap: C$923.8K
See more insights into MSP stock on TipRanks’ Stock Analysis page.