TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Trillion Energy International ( (TSE:TCF) ) has shared an announcement.
Trillion Energy International Inc has announced a debt settlement plan involving the issuance of 3,572,376 common shares at $0.035 per share to settle $125,033.16 in debt with its consultants. This move is part of the company’s strategy to manage its financial obligations, potentially impacting its financial stability and market perception.
Spark’s Take on TSE:TCF Stock
According to Spark, TipRanks’ AI Analyst, TSE:TCF is a Neutral.
The overall stock score is primarily impacted by the company’s poor financial performance, with significant losses and high leverage. Technical analysis also indicates bearish momentum, and the valuation is unattractive due to a negative P/E ratio. These factors collectively suggest a challenging outlook for the stock.
To see Spark’s full report on TSE:TCF stock, click here.
More about Trillion Energy International
Trillion Energy International Inc is engaged in the production of oil and natural gas, primarily targeting the European and Turkish markets. The company holds a 49% stake in the SASB natural gas field in the Black Sea and a 19.6% interest in the Cendere oil field, with a reduced interest in three specific wells.
YTD Price Performance: -66.67%
Average Trading Volume: 633,054
Technical Sentiment Signal: Sell
Current Market Cap: C$5.11M
See more data about TCF stock on TipRanks’ Stock Analysis page.