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The latest announcement is out from Roadman Investments ( (TSE:LITT) ).
Right Season Investments Corp. has announced a non-brokered private placement to raise up to $1.2 million by issuing 20,000,000 units at $0.06 per unit. The proceeds will be used for potential investment opportunities and general working capital, with the offering subject to TSX Venture Exchange approval.
Spark’s Take on TSE:LITT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LITT is a Underperform.
The overall stock score for Roadman Investments is low due to significant financial challenges, including negative profitability and cash flow issues. While the balance sheet shows a strong equity position, operational inefficiencies and liquidity risks are concerning. The technical analysis suggests a bearish trend, and valuation metrics reflect ongoing losses and high volatility, making it a risky investment.
To see Spark’s full report on TSE:LITT stock, click here.
More about Roadman Investments
Right Season Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that actively drives innovation and accelerates growth for its shareholders by investing capital into private and public companies with excellent growth opportunities.
Average Trading Volume: 55,259
Technical Sentiment Signal: Hold
Current Market Cap: C$3.11M
Find detailed analytics on LITT stock on TipRanks’ Stock Analysis page.