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Zonetail ( (TSE:ZONE) ) has issued an announcement.
Zonetail Inc. announced the closing of the second tranche of its non-brokered private placement, raising a total of $397,500 out of the targeted $1,000,000. The proceeds will be used to develop the company’s rent reporting portal, technology enhancements, and sales efforts, with a portion allocated to salaries and administration. The extension of the offering to December 24, 2025, indicates Zonetail’s ongoing efforts to secure additional funding to support its strategic initiatives.
Spark’s Take on TSE:ZONE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZONE is a Underperform.
Zonetail’s financial challenges are the most significant factor driving its low stock score. Persistent losses, negative equity, and cash flow deficits indicate financial instability. The technical indicators show weak market momentum, and the negative P/E ratio highlights valuation concerns. Overall, these factors suggest a high-risk investment profile.
To see Spark’s full report on TSE:ZONE stock, click here.
More about Zonetail
Zonetail Inc. (TSXV: ZONE) is a mobile platform and market network company that aims to provide a state-of-the-art mobile platform for high-rise residents. The platform connects users to products, amenities, and services, focusing on the high-rise residential vertical to deliver vital information and services efficiently.
Average Trading Volume: 92,227
Technical Sentiment Signal: Buy
Current Market Cap: C$5.61M
Learn more about ZONE stock on TipRanks’ Stock Analysis page.