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Vibe Bioscience Ltd ( (TSE:VIBE) ) has shared an update.
Mark Waldron, a director at Vibe Growth Corporation, has filed an Early Warning Report indicating his intention to sell 250,000 common shares of the company through the Canadian Securities Exchange. This move will reduce Waldron’s stake from 18.14% to 15.83% of the company’s outstanding shares. The sale is part of Waldron’s strategy to decrease his holdings and utilize the proceeds for other purposes, though he remains open to future transactions based on market conditions.
Spark’s Take on TSE:VIBE Stock
According to Spark, TipRanks’ AI Analyst, TSE:VIBE is a Neutral.
Vibe Bioscience Ltd’s stock is primarily weighed down by its poor financial performance, characterized by declining revenue and negative equity. Technical analysis provides some positive momentum signals, but these are tempered by overbought conditions. Valuation is weak due to the lack of profitability and dividends, leading to an overall low stock score.
To see Spark’s full report on TSE:VIBE stock, click here.
More about Vibe Bioscience Ltd
Average Trading Volume: 24,223
Technical Sentiment Signal: Sell
Current Market Cap: C$1.51M
Learn more about VIBE stock on TipRanks’ Stock Analysis page.