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PanGenomic Health Seeks MCTO Amid Financial Filing Delays

Story Highlights
  • PanGenomic Health has applied for a management cease trade order due to delayed financial filings.
  • The company is negotiating financing to resolve auditor payment issues and expects to file by June 30, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PanGenomic Health Seeks MCTO Amid Financial Filing Delays

An announcement from PanGenomic Health, Inc. Class A ( (TSE:NARA) ) is now available.

PanGenomic Health Inc. has applied for a management cease trade order (MCTO) due to its inability to file audited financial statements by the April 30, 2025 deadline, caused by delays in paying its auditors. The company is negotiating financing to resolve the issue and anticipates filing by June 30, 2025. If granted, the MCTO will restrict trading by the CEO and CFO but not the general public, potentially impacting the company’s financial transparency and stakeholder trust.

Spark’s Take on TSE:NARA Stock

According to Spark, TipRanks’ AI Analyst, TSE:NARA is a Underperform.

The overall stock score is driven by severe financial instability, with no revenue generation and increasing net losses. Technical analysis provides a mixed picture, suggesting potential short-term recovery but still reflecting overall negative momentum. The negative P/E ratio and lack of dividend yield further decrease the stock’s attractiveness.

To see Spark’s full report on TSE:NARA stock, click here.

More about PanGenomic Health, Inc. Class A

PanGenomic Health is a precision health company that has developed a self-care digital platform to deliver personalized, evidence-based information about natural treatments, with an initial focus on supporting mental health. As a British Columbia benefit company, its mission is to enhance health and wellness by providing technology that identifies plant-based solutions tailored to individual health profiles.

YTD Price Performance: 66.67%

Average Trading Volume: 25,109

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.34M

Learn more about NARA stock on TipRanks’ Stock Analysis page.

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