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Sekur Private Data ( (TSE:SKUR) ) has shared an announcement.
Sekur Private Data Ltd. has engaged Stockhouse, a leading Canadian financial media company, to enhance market awareness of its cybersecurity and private communications platform. This strategic move aims to leverage Stockhouse’s extensive reach among affluent investors to promote Sekur’s high-growth potential in the cybersecurity sector, especially with the launch of its Corporate and Premium solutions. Additionally, Sekur announced a non-brokered private placement to raise CA$420,000, which will be used to market its privacy communications solutions in the United States and for general working capital purposes. The issuance of shares to service providers and the convertible private placement are part of Sekur’s strategy to bolster its financial position and expand its market presence.
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
For a thorough assessment of SKUR stock, go to TipRanks’ Stock Analysis page.