Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest announcement is out from Scryb ( (TSE:SCYB) ).
Scryb Inc. has increased its investment in Cybeats Technologies Corp., a leading cybersecurity company, by purchasing $500,000 in a private placement and acquiring over 300,000 shares in the open market. This move demonstrates Scryb’s confidence in Cybeats’ growth potential, bolstered by Cybeats’ significant net revenue retention and lucrative contracts, including a multi-year agreement with Rockwell Automation. Additionally, Scryb raised $1,175,300 through secured convertible debentures, enhancing its financial capacity to pursue emerging opportunities and support its investment portfolio.
More about Scryb
Scryb Inc. operates in the cybersecurity industry, primarily investing in and supporting cybersecurity companies like Cybeats Technologies Corp. The company focuses on long-term value generation and maximizing shareholder value through strategic investments and financial flexibility.
YTD Price Performance: 60.0%
Average Trading Volume: 2,896
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.39M
For a thorough assessment of SCYB stock, go to TipRanks’ Stock Analysis page.