The cyber security company StrikeForce Technologies Inc (OTCMKTS:SFOR) emerged as one of the biggest movers in the market yesterday and it is likely that its stock is going to be in focus among investors today. The stock attracted considerable attention on Wednesday and ended the day with gains of as much as 37%.
The remarkable rally in the stock was triggered by an update provided by the company to its shareholders with regards to its growth strategy and also the offering in place on From A of the Regulation A. The updates were provided by the Chief Executive Officer of the StrikeForce Technologies Mark L Kay.
He stated that as he had discussed in an interview last week, StrikeForce Technologies was planning to close its Regulation A offering yesterday. He stated that the whole thing advanced swiftly after StrikeForce Technologies managed to attract the interest of a strategic investors who was willing to match the minimum financial goal of the company.
He went on to state that with the latest infusion of capital, StrikeForce Technologies will have enough cash by way of which it could turbo charge its growth strategy. He went on to state that the company as looking to hire new people in technology, sales and marketing verticals.
On Wednesday, SFOR stock soared 37% at end the session at $0.0885. Total volume for the session stood at 51.99 shares traded hands, 9X its average volume of 5.50 million shares.