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Rivalry Corp. Updates on Financial Filings and Secures Strategic Loan

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Rivalry Corp. Updates on Financial Filings and Secures Strategic Loan

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The latest announcement is out from Rivalry Corp ( (TSE:RVLY) ).

Rivalry Corp. has announced a delay in filing its annual financial statements due to a management cease trade order issued by the Ontario Securities Commission. The company expects to complete these filings by June 30, 2025. Additionally, Rivalry has secured a US$650,000 loan to support its ongoing strategic review process, providing financial flexibility to pursue initiatives aimed at maximizing long-term stakeholder value.

The most recent analyst rating on (TSE:RVLY) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Rivalry Corp stock, see the TSE:RVLY Stock Forecast page.

Spark’s Take on TSE:RVLY Stock

According to Spark, TipRanks’ AI Analyst, TSE:RVLY is a Underperform.

Rivalry Corp’s stock score is primarily impacted by its weak financial health, characterized by persistent losses and high leverage. While there are positive strategic efforts in terms of product development and crypto market expansion, they are overshadowed by current financial instability and valuation challenges. Technical indicators further suggest cautious optimism without strong upward momentum, and recent corporate initiatives highlight potential future growth areas.

To see Spark’s full report on TSE:RVLY stock, click here.

More about Rivalry Corp

Rivalry Corp. is a Toronto-based company that wholly owns and operates Rivalry Limited, a leading sports betting and media company. The company offers fully regulated online wagering on esports, traditional sports, and casino games, targeting the digital generation. Rivalry holds an Isle of Man license and an internet gaming registration in Ontario, with plans to expand its licensing to additional countries.

Average Trading Volume: 42,367

Technical Sentiment Signal: Sell

Current Market Cap: C$3.58M

For a thorough assessment of RVLY stock, go to TipRanks’ Stock Analysis page.

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