Sekur Private Data Raises CA$1.69 Million in Non-Brokered Private Placement

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

Sekur Private Data Ltd. has closed a non-brokered private placement, raising gross proceeds of CA$1.69 million through the issuance of 33.76 million units priced at CA$0.05, each comprising one common share and one warrant exercisable at CA$0.10 over 48 months. A small portion of the financing was subscribed by directors and officers, and part of the proceeds will be directed toward sales, business development and working capital, providing additional funding to support the company’s growth initiatives in the competitive cybersecurity and private communications market, while new shares will be subject to a four-month hold period under Canadian securities laws.

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, extremely large losses, and persistent negative free cash flow), partially offset by constructive technical momentum with price above major moving averages. Valuation is constrained by a negative P/E due to ongoing losses and no stated 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 cybersecurity and internet privacy provider offering Swiss-hosted secure communications solutions. The company distributes a suite of encrypted email, secure messaging, and related communication tools, selling directly via its website as well as through approved distributors and telecommunications partners to consumer and business customers worldwide.

Average Trading Volume: 143,192

Technical Sentiment Signal: Buy

Current Market Cap: C$13.03M

For an in-depth examination of SKUR stock, go to TipRanks’ Overview page.