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Sharc International Systems Inc ( (TSE:SHRC) ) just unveiled an update.
SHARC International Systems Inc. has completed a $1.57 million non-brokered private placement of unsecured convertible debentures, which will mature in three years and bear an 8% annual interest. The proceeds will be used for working capital and corporate purposes, enhancing the company’s ability to fulfill production and delivery of its SHARC and PIRANHA WET systems.
Spark’s Take on TSE:SHRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SHRC is a Neutral.
The overall stock score reflects significant financial and technical challenges. The company’s high leverage and lack of profitability weigh heavily, despite positive corporate developments and potential market expansion.
To see Spark’s full report on TSE:SHRC stock, click here.
More about Sharc International Systems Inc
SHARC International Systems Inc. is a leader in energy recovery from wastewater, providing systems that recycle thermal energy for heating, cooling, and hot water production in commercial, residential, and industrial buildings. The company is publicly traded in Canada, the United States, and Germany.
Average Trading Volume: 39,797
Technical Sentiment Signal: Sell
Current Market Cap: C$13.84M
For a thorough assessment of SHRC stock, go to TipRanks’ Stock Analysis page.