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The latest update is out from TrustBix ( (TSE:TBIX) ).
TrustBIX Inc. has provided an update on the previously announced assignment and transfer of its Auction Master Pro support contracts, held through subsidiary ViewTrak Technologies, to Cristel Baber DBA I.T. Group. The company confirmed that the transaction has been submitted to the TSX Venture Exchange and that it is currently responding to regulatory comments in order to secure conditional acceptance, a step that will determine the timing and execution of the support services transition for affected customers and stakeholders.
Spark’s Take on TSE:TBIX Stock
According to Spark, TipRanks’ AI Analyst, TSE:TBIX is a Neutral.
TrustBix, Inc. is currently facing significant financial and operational challenges, as reflected in its financial performance score. The technical analysis indicates a bearish trend, and the valuation metrics are unattractive due to ongoing losses and lack of dividend yield. These factors collectively contribute to a low overall stock score, highlighting the need for the company to address its financial instability and improve operational efficiency.
To see Spark’s full report on TSE:TBIX stock, click here.
More about TrustBix
TrustBIX Inc. is an agricultural technology company that delivers Gate to Plate® traceability and sustainability solutions aimed at creating more transparent, efficient and environmentally responsible agri-food supply chains. Its award-winning platforms are used by local and international agri-food organizations seeking practical tools to reduce waste, enhance trust and reward sustainable production practices.
Average Trading Volume: 30,998
Technical Sentiment Signal: Sell
Current Market Cap: C$1.85M
Find detailed analytics on TBIX stock on TipRanks’ Stock Analysis page.