Sekur Private Data Launches CA$1.5 Million Non-Brokered Private Placement

Sekur Private Data ( (TSE:SKUR) ) just unveiled an announcement.

Sekur Private Data Ltd. has launched a non-brokered private placement to raise up to CA$1.5 million through the issuance of up to 30 million units priced at CA$0.05, each consisting of one common share and one full warrant exercisable at CA$0.10 for 48 months. The company plans to use the proceeds to support sales, business development and general working capital, a move that is expected to bolster its commercial expansion efforts and operational flexibility in the competitive cybersecurity and privacy communications market, with the new shares subject to a four-month Canadian statutory hold period and potential finders’ fees in line with exchange policies.

The most recent analyst rating on (TSE:SKUR) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Sekur Private Data stock, see the TSE:SKUR Stock Forecast page.

Spark’s Take on TSE:SKUR Stock

According to Spark, TipRanks’ AI Analyst, TSE:SKUR is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, very large losses, and continued cash burn). Technicals are comparatively stronger with price above key moving averages and positive momentum, but valuation is hard to justify with a negative P/E and no dividend support.

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 internet privacy provider specializing in secure and private communications. The company offers a suite of encrypted email, secure messaging and related communication tools, selling its solutions through its own website, distributors and telecommunications partners to both consumer and business customers worldwide.

Average Trading Volume: 149,616

Technical Sentiment Signal: Buy

Current Market Cap: C$13.03M

Find detailed analytics on SKUR stock on TipRanks’ Stock Analysis page.