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Sekur Private Data ( (TSE:SKUR) ) just unveiled an announcement.
Sekur Private Data Ltd. has successfully closed its non-brokered private placement, raising approximately US$1.13 million. The funds will be used to market its privacy communications solutions in the United States, Europe, and Africa, as well as for general working capital. This strategic move is expected to enhance Sekur’s market presence and operational capabilities in these regions.
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 secure tools to protect governments, businesses, and individuals from unauthorized access and cyber threats. Their solutions, including SekurMail, SekurMessenger, and SekurVPN, are grounded in Swiss privacy standards and are sold globally through their website, approved distributors, and telecommunications companies.
Average Trading Volume: 131,814
Technical Sentiment Signal: Buy
Current Market Cap: C$18.18M
For a thorough assessment of SKUR stock, go to TipRanks’ Stock Analysis page.