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Cybeats Technologies Corp. ( (TSE:CYBT) ) has shared an update.
Cybeats Technologies Corp. has successfully closed a C$1.4 million non-brokered private placement with IFCM MicroCap Fund LP, issuing 12 million common shares at C$0.12 each. The proceeds will be used for sales, marketing, and general corporate purposes, potentially strengthening the company’s market position and operational capabilities in the cybersecurity industry.
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 the company’s financial instability, with significant challenges in profitability and cash flow. While technical indicators show some positive momentum, the negative valuation metrics, such as the P/E ratio, weigh heavily on the score. The absence of earnings call and corporate events data 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. It aids organizations in managing risk, meeting compliance requirements, and securing software from procurement to development and operation. The company’s platform enhances operational efficiency, revenue, and regulatory alignment, serving critical sectors like energy, healthcare, and defense.
Average Trading Volume: 242,099
Technical Sentiment Signal: Buy
See more insights into CYBT stock on TipRanks’ Stock Analysis page.