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Roadman Investments ( (TSE:LITT) ) has provided an update.
Right Season Investments Corp. has announced a forward share split, issuing fifteen common shares for every existing one, to create a more attractive capital structure for financing. This move, pending TSX Venture Exchange approval, aims to enhance the company’s market appeal and potentially increase liquidity for stakeholders.
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 focused on driving innovation and accelerating growth for shareholders by investing in private and public companies with significant growth potential.
Average Trading Volume: 43,070
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.73M
Find detailed analytics on LITT stock on TipRanks’ Stock Analysis page.