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Streamex stock falls 7% as loss widens

Streamex's first-quarter loss widens, stock drops 7%. Gold tokenization product GLDY launched.

Samuel Nguyen
BySamuel Nguyen- Senior Editor
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0
Streamex stock falls 7% as loss widens
Photo: Prepared by Bond.az

Streamex Corp. (NASDAQ:STEX) reported a first-quarter loss of -$0.27 per share, as the company invested in its tokenized gold product.

Shares fell 7.43%. The company raised over $40 million and launched GLDY.

CEO Henry McPhie called the quarter transformative, highlighting a live product and strong balance sheet.

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