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Quinsam Capital ( (TSE:QCA) ) has shared an update.
Quinsam Capital Corporation announced the initiation of a normal course issuer bid to repurchase up to 4,500,000 of its common shares, believing the current market price does not reflect the company’s true value. This move is intended to benefit shareholders by increasing their proportionate equity interests, with purchases conducted on the Canadian Securities Exchange through Research Capital as the broker.
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.
Average Trading Volume: 179,561
Technical Sentiment Signal: Buy
Current Market Cap: C$4.49M
See more insights into QCA stock on TipRanks’ Stock Analysis page.