TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Quantum Numbers ( (TSE:QNC) ) has shared an announcement.
Quantum eMotion Corp. and Energy Plug Technologies Corp. have formed a Joint Development Steering Committee to integrate Quantum eMotion’s Quantum Random Number Generator (QRNG) chips into Energy Plug’s energy storage systems. This collaboration aims to enhance cybersecurity in critical infrastructure, addressing increasing threats to Canada’s energy sector by providing quantum-secure battery solutions that generate cryptographic keys with true quantum randomness, thus eliminating certain remote-exploitation attacks.
Spark’s Take on TSE:QNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QNC is a Neutral.
Quantum Numbers’ overall score is influenced by its financial challenges, including no revenue and consistent losses, which weigh heavily on its potential. However, technical analysis indicates positive stock momentum, while the recent corporate event announces a promising product that could transform the company’s revenue prospects. The lack of traditional valuation metrics underscores the speculative nature of the stock.
To see Spark’s full report on TSE:QNC stock, click here.
More about Quantum Numbers
Quantum eMotion Corp. is a Canadian deep-tech company specializing in quantum-safe cybersecurity solutions, utilizing its patented Quantum Random Number Generator (QRNG) and Entropy-as-a-Service platform to secure data and communications for the quantum era. Energy Plug Technologies Corp. is a leader in secure and resilient energy storage solutions, focusing on next-generation battery technologies for various applications, committed to enhancing grid stability, cybersecurity, and sustainable energy adoption.
Average Trading Volume: 2,397,459
Technical Sentiment Signal: Buy
Current Market Cap: C$710M
See more insights into QNC stock on TipRanks’ Stock Analysis page.