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Playgon Games ( (TSE:DEAL) ) has issued an update.
Playgon Games plans to settle approximately $650,900 in accrued interest on its previously issued unsecured convertible debentures by issuing 65,090,000 common shares at a deemed price of $0.01 per share, a transaction that includes 41,865,000 shares to company insiders and is subject to TSX Venture Exchange approval and related-party transaction rules. The company has also secured the required debenture holder approval to extend the maturity dates of multiple debenture series to March 31, 2026, providing additional time for repayment while interest continues to accrue, a move that strengthens near-term balance sheet flexibility but increases its future interest obligations.
The most recent analyst rating on (TSE:DEAL) stock is a Sell with a C$0.01 price target. To see the full list of analyst forecasts on Playgon Games stock, see the TSE:DEAL Stock Forecast page.
Spark’s Take on TSE:DEAL Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEAL is a Underperform.
The overall stock score is primarily impacted by the company’s poor financial performance, with significant declines in revenue and negative profitability margins. Technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. While corporate events show potential strategic improvements, they are not enough to offset the current financial challenges.
To see Spark’s full report on TSE:DEAL stock, click here.
More about Playgon Games
Playgon Games Inc. is a Vancouver-based SaaS technology company focused on developing and licensing digital content for the global iGaming market. The company provides a multi-tenant gateway that enables online gaming operators to offer mobile live dealer casino and eTable games through seamless integration, without requiring the sharing of sensitive customer data, and targets online casinos, sportsbooks, land-based operators, media groups, and large database companies as business-to-business clients.
Average Trading Volume: 136,631
Technical Sentiment Signal: Sell
Current Market Cap: C$2.43M
For detailed information about DEAL stock, go to TipRanks’ Stock Analysis page.