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An announcement from Quinsam Capital ( (TSE:QCA) ) is now available.
Quinsam Capital Corporation recently entered into an acquisition agreement with Royalties Inc., selling its shares in Music Royalties Inc. for shares in Royalties Inc. This move is part of Quinsam’s ongoing efforts to obtain liquidity for its private company investments. Following a legal victory by a company owned by Royalties Inc., the share price of Royalties Inc. surged by over 200%, which is a positive outcome for Quinsam’s investment strategy.
Spark’s Take on TSE:QCA Stock
According to Spark, TipRanks’ AI Analyst, TSE:QCA is a Neutral.
Quinsam Capital’s financial performance is constrained by consistent negative revenue and cash flow difficulties, despite having a strong equity position. Technical indicators suggest caution due to potential overbought conditions, and valuation metrics are unfavorable with a negative P/E ratio.
To see Spark’s full report on TSE:QCA stock, click here.
More about Quinsam Capital
Quinsam Capital Corporation is a merchant bank focused on small cap investments that it believes are undervalued. The company does not invest on behalf of third parties or offer investment advice, and generally does not consider individual investments as material events.
Average Trading Volume: 195,399
Technical Sentiment Signal: Hold
Current Market Cap: C$4.54M
See more data about QCA stock on TipRanks’ Stock Analysis page.