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Modern Meat ( (TSE:MEAT) ) has issued an update.
Modern Plant Based Foods Inc. has announced a non-brokered private placement offering of up to 3,066,665 units at $0.075 per unit, aiming to raise $230,000. The funds will be utilized for general working capital, acquisitions, and company development, potentially enhancing its operational capabilities and market position.
Spark’s Take on TSE:MEAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEAT is a Neutral.
Modern Meat’s overall stock score of 41 reflects significant financial challenges, including negative profitability and high leverage, as highlighted in the financial performance analysis. Technical indicators provide mixed signals, with some potential for upward movement but overall bearish trends. Valuation metrics are also unfavorable, with negative earnings and no dividend yield, contributing to the low score.
To see Spark’s full report on TSE:MEAT stock, click here.
More about Modern Meat
Modern Plant Based Foods Inc. operates in the plant-based food industry, focusing on producing and distributing plant-based meat alternatives. The company is committed to expanding its market presence and product offerings in the growing plant-based sector.
Average Trading Volume: 25,695
Technical Sentiment Signal: Sell
Current Market Cap: C$1.23M
See more data about MEAT stock on TipRanks’ Stock Analysis page.