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An update from RE Royalties ( (TSE:RE) ) is now available.
RE Royalties Ltd. announced a non-brokered private placement offering of up to 10,625,000 units at $0.32 per unit, aiming to raise $3,400,000. This offering will support the company’s working capital and general corporate purposes, potentially enhancing its market position in the renewable energy sector. The units, consisting of common shares and purchase warrants, will be offered under specific exemptions and are not subject to resale restrictions in Canada. The offering’s success depends on receiving necessary approvals, including from the TSX Venture Exchange.
The most recent analyst rating on (TSE:RE) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on RE Royalties stock, see the TSE:RE Stock Forecast page.
Spark’s Take on TSE:RE Stock
According to Spark, TipRanks’ AI Analyst, TSE:RE is a Neutral.
The overall stock score is primarily influenced by financial instability due to high leverage and negative profitability. Technical indicators suggest a bearish trend, while the high dividend yield offers some appeal. The lack of earnings call and corporate events data limits further insights.
To see Spark’s full report on TSE:RE stock, click here.
More about RE Royalties
RE Royalties Ltd. is a pioneer in the renewable energy sector, offering revenue-based royalties from renewable energy facilities and technologies. The company provides non-dilutive financing solutions to both privately held and publicly traded companies, owning over 100 royalties on projects like solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas across Canada, the United States, Mexico, and Chile. Its business objectives include providing shareholders with a strong growing yield, robust capital protection, high growth through reinvestment, and a sustainable investment focus.
Average Trading Volume: 24,965
Technical Sentiment Signal: Sell
Current Market Cap: C$15.62M
For an in-depth examination of RE stock, go to TipRanks’ Overview page.