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The latest update is out from TrustBix ( (TSE:TBIX) ).
TrustBIX Inc. has announced a non-brokered private placement of up to 10,000,000 units at $0.04 per unit, aiming to raise $400,000, pending necessary approvals. The funds will be used for general working capital, including inventory acquisition, supporting the company’s ongoing operations and potentially enhancing its market position.
Spark’s Take on TSE:TBIX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TBIX is a Neutral.
TrustBix, Inc. receives an overall score of 53, primarily impacted by weak financial performance and a challenging valuation. However, positive corporate events and a neutral technical analysis provide some optimism. The company needs to address its financial instability to improve its market position.
To see Spark’s full report on TSE:TBIX stock, click here.
More about TrustBix
TrustBIX is an agricultural technology company that provides Gate to Plate® solutions aimed at fostering trust, reducing waste, and rewarding sustainable practices. Their award-winning technologies are utilized by both local and international agri-food organizations.
Average Trading Volume: 35,255
Technical Sentiment Signal: Buy
Current Market Cap: C$4.05M
See more data about TBIX stock on TipRanks’ Stock Analysis page.