Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An announcement from Playgon Games ( (TSE:DEAL) ) is now available.
Playgon Games Inc. announced its intention to settle $124,275 of debt through the issuance of 8,284,997 common shares at a price of $0.015 per share. This move, primarily involving insiders of the company, is subject to the approval of the TSX Venture Exchange and is considered a ‘related party transaction’ under TSXV policies. The transaction aims to manage interest payments on previously issued convertible unsecured debentures, reflecting Playgon’s strategic financial management and positioning within the iGaming industry.
Spark’s Take on TSE:DEAL Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEAL is a Underperform.
Playgon Games faces significant financial challenges with declining revenues and negative profitability, leading to a low financial performance score. While technical analysis shows some positive momentum, the valuation metrics reflect the company’s unprofitability, further lowering the overall stock score.
To see Spark’s full report on TSE:DEAL stock, click here.
More about Playgon Games
Playgon Games Inc. is a SaaS technology company that focuses on developing and licensing digital content for the iGaming market. The company provides a multi-tenant gateway for online operators, offering innovative iGaming software solutions such as Live Dealer Casino and E-Table games. Playgon’s products serve as turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and large database companies.
YTD Price Performance: 50.0%
Average Trading Volume: 139,800
Technical Sentiment Signal: Buy
Current Market Cap: C$5.97M
Find detailed analytics on DEAL stock on TipRanks’ Stock Analysis page.