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An update from TrustBix ( (TSE:TBIX) ) is now available.
TrustBIX Inc. announced a non-brokered private placement of up to 10 million units at $0.04 per unit, potentially raising $400,000, pending regulatory approvals. The funds will be used for general working capital, including inventory acquisition to support ongoing operations, with securities subject to a four-month hold period.
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 offers Gate to Plate® solutions aimed at fostering trust, reducing waste, and promoting sustainable practices in the agri-food sector. Their technologies are recognized and utilized by both local and international agri-food organizations.
Average Trading Volume: 35,255
Technical Sentiment Signal: Buy
Current Market Cap: C$4.05M
For detailed information about TBIX stock, go to TipRanks’ Stock Analysis page.