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Roadman Investments ( (TSE:LITT) ) has provided an announcement.
Right Season Investments Corp. has successfully completed a non-brokered private placement, raising $1.2 million through the issuance of unsecured convertible debentures. The funds will be utilized for potential investment opportunities and general working capital. Notably, insiders of the company participated in the offering, which is considered a related party transaction but is exempt from certain regulatory requirements. The completion of the offering is still 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: 40,021
Technical Sentiment Signal: Hold
Current Market Cap: C$3.8M
Find detailed analytics on LITT stock on TipRanks’ Stock Analysis page.