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Sekur Private Data ( (TSE:SKUR) ) has shared an announcement.
Sekur Private Data Ltd. announced the closing of its non-brokered private placement, raising gross proceeds of CA$1,612,757.50. The funds will be used for marketing Sekur’s privacy communications solutions in the United States, Europe, and Africa, as well as for general working capital purposes. The participation of company officers and directors in the private placement, purchasing 450,000 units, underscores internal confidence in Sekur’s strategic direction and potential growth. This move is expected to bolster Sekur’s market presence and enhance its operational capabilities in the cybersecurity and privacy communications industry.
Spark’s Take on TSE:SKUR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SKUR is a Neutral.
Sekur Private Data’s stock score is driven by its revenue growth and debt-free status, though it is tempered by profitability and cash flow challenges. The technical analysis shows positive momentum, but the negative valuation metrics pose a risk. Recent corporate events like the private placement are positive but are already accounted for in financial performance.
To see Spark’s full report on TSE:SKUR stock, click here.
More about Sekur Private Data
Sekur Private Data Ltd. is a Swiss-hosted cybersecurity and privacy communications provider offering a secure suite of tools to protect governments, businesses, and individuals from unauthorized access and cyber threats. With solutions such as SekurMail, SekurMessenger, and SekurVPN, Sekur provides an accessible and reliable means of digital communication and data storage, grounded in Swiss privacy standards. Sekur sells its solutions through its website, approved distributors, and telecommunications companies globally, serving governments, businesses, and consumers worldwide.
Average Trading Volume: 131,814
Technical Sentiment Signal: Buy
Current Market Cap: C$18.18M
See more insights into SKUR stock on TipRanks’ Stock Analysis page.