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Sekur Private Data ( (TSE:SKUR) ) has issued an announcement.
Sekur Private Data Ltd. has announced a non-brokered private placement to raise up to CA$2,000,000 through the issuance of units consisting of common shares and share purchase warrants. The funds will be used to market Sekur’s privacy communications solutions in the United States, Europe, and Africa, and for general working capital. The company also completed a previous private placement, raising $105,000. This move is expected to enhance Sekur’s market presence and 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 cybersecurity and Internet privacy provider offering Swiss-hosted solutions for secure and private communications. The company provides encrypted emails, secure messengers, and other secure communication tools, serving consumers and businesses globally through its website, approved distributors, and telecommunications companies.
Average Trading Volume: 131,814
Technical Sentiment Signal: Buy
Current Market Cap: C$18.18M
For detailed information about SKUR stock, go to TipRanks’ Stock Analysis page.