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Northstar Clean Technologies ( (TSE:ROOF) ) has issued an announcement.
Northstar Clean Technologies has raised $1 million through a second closing of unsecured debentures, issued in 200 units of $5,000 each and carrying a 9% coupon with attached non-transferable warrants exercisable at $0.35 over 36 months. The financing, subscribed entirely by existing arm’s-length investors and largely arranged through Leede Financial for a $45,000 cash commission, will support the ramp-up of operations at the company’s Empower Environmental Solutions facility in Calgary and general corporate purposes, underscoring Northstar’s efforts to advance its commercial rollout while managing shareholder dilution; the securities are subject to a standard hold period and remain contingent on final TSX Venture Exchange acceptance.
The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.21 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.
Spark’s Take on TSE:ROOF Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROOF is a Neutral.
Northstar Clean Technologies is facing significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. The technical analysis indicates bearish momentum, further weighing on the stock’s prospects. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.
To see Spark’s full report on TSE:ROOF stock, click here.
More about Northstar Clean Technologies
Northstar Clean Technologies is a Canadian waste-to-value technology company specializing in the sustainable recovery and reprocessing of discarded asphalt shingles. Using a proprietary process, it extracts liquid asphalt, aggregate and fiber from shingle waste for reuse in new asphalt shingle manufacturing, flat roof systems and other construction and industrial applications, with its first commercial-scale facility located in Calgary, Alberta, and a broader focus on advancing circular-economy solutions across North America.
Average Trading Volume: 282,336
Technical Sentiment Signal: Sell
Current Market Cap: C$33.4M
Learn more about ROOF stock on TipRanks’ Stock Analysis page.