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The latest update is out from Xigem Technologies ( (TSE:XIGM) ).
Xigem Technologies has secured a $500,000 loan agreement to bolster its EchoDigital business unit, aimed at supporting its customer, Carnance Inc., in expanding its vehicle inventory for the Canadian used car market. This financial arrangement, along with a line of credit personally guaranteed by Xigem’s CEO, is expected to positively impact both Carnance’s and Xigem’s business operations, reinforcing Xigem’s market position and ability to support its partners.
More about Xigem Technologies
Xigem Technologies Corporation operates in the technology industry, focusing on developing SaaS-based platforms. Its primary product, EchoDigital, is an AI-driven platform designed to capture and convert consumer leads in the used car market, enhancing sales efforts for its clients.
YTD Price Performance: -50.0%
Average Trading Volume: 96,236
Technical Sentiment Signal: Buy
See more data about XIGM stock on TipRanks’ Stock Analysis page.