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SBD Capital ( (TSE:SBD) ) has shared an update.
SBD Capital Corp., a company listed on the Canadian Securities Exchange, has announced a debt settlement involving the issuance of 92,276 common shares to settle an indebtedness of $20,762.14 with a non-arm’s length creditor. This transaction, classified as a related party transaction under MI 61-101, is exempt from certain valuation and minority shareholder approval requirements, as the fair market value does not exceed 25% of the company’s market capitalization. The shares will be subject to a four-month hold period, and the transaction awaits final acceptance from the Canadian Securities Exchange.
Spark’s Take on TSE:SBD Stock
According to Spark, TipRanks’ AI Analyst, TSE:SBD is a Underperform.
SBD Capital’s overall stock score is significantly hampered by its poor financial health, including declining revenue, negative equity, and cash flow issues. Technical analysis indicates a bearish trend, reinforcing concerns about the stock’s performance. Valuation metrics show negative earnings, adding to the risk profile. The company needs strategic changes to improve its financial stability and market perception.
To see Spark’s full report on TSE:SBD stock, click here.
More about SBD Capital
Average Trading Volume: 1,599
Technical Sentiment Signal: Sell
Current Market Cap: C$701.8K
See more data about SBD stock on TipRanks’ Stock Analysis page.