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SBD Capital ( (TSE:SBD) ) has shared an update.
SBD Capital Corp. has completed a debt settlement by issuing 92,276 common shares at $0.225 per share to settle $20,762.14 of indebtedness with a non-arm’s length creditor. This transaction, classified as a related party transaction under MI 61-101, resulted in Irwin Lowy LLP increasing its holdings to 26.49% of the company’s outstanding shares, potentially impacting market dynamics and shareholder interests.
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: 1,610
Technical Sentiment Signal: Sell
Current Market Cap: C$701.8K
Learn more about SBD stock on TipRanks’ Stock Analysis page.