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Cybeats Technologies Corp. ( (TSE:CYBT) ) just unveiled an announcement.
Cybeats Technologies Corp. announced a C$1.4 million non-brokered private placement with IFCM MicroCap Fund LP, aiming to issue 12,000,000 common shares at C$0.12 each. The proceeds will be used for sales, marketing, and general corporate purposes, potentially strengthening Cybeats’ market position in software supply-chain security.
Spark’s Take on TSE:CYBT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.
The overall stock score is primarily impacted by financial performance challenges, including negative profitability and cash flow issues. Technical analysis provides some positive signals, but valuation remains unattractive due to a negative P/E ratio. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a cybersecurity company specializing in Software Bill of Material (SBOM) management and software supply chain intelligence technology. The company aids organizations in managing risk, meeting compliance requirements, and securing their software from procurement to development and operation. Cybeats provides comprehensive visibility and transparency into software supply chains, enhancing operational efficiency and regulatory alignment.
Average Trading Volume: 216,956
Technical Sentiment Signal: Sell
Find detailed analytics on CYBT stock on TipRanks’ Stock Analysis page.