Cyber threat intelligence solutions and applications developer Tego Cyber Inc (OTCMKTS:TGCB) saw its stock make a bit of a recovery on Thursday. Investors piled on to the stock once again to help it recover by 4% on Thursday.
However, at the same time, it is perhaps also necessary to keep in mind that over the course of the past week, the Tego stock is down by as much as 14%.
On Thursday, TGCB stock gained 4.26% at $0.7298 with more than 7.84K shares, compared to its average volume of 4.65K shares. The stock has moved within a range of $0.7100 – 0.7298 after opening the trade at $0.7200.
Announces Acceleration of Sales and Marketing Initiatives Following Recent Commercial Launch of Tego Guardian on the Splunk SIEM Platform
The rally in the stock yesterday was triggered by an announcement from the company with regards to the fact that it sped up its marketing and sales activities.
The move to speed up the marketing and sales activities was made after the company launched the Tego Guardian threat intelligence app successfully not too long ago. This was a significant announcement from the company and one that may have caused a wave of optimism about Tego among investors.
At this point of time, the company has decided to market its products to those users who are already subscribed to Splunk Security Information and Event Management (SIEM). It is now going to be interesting to see if the stock can continue on its recovery path today and hence, it could be a good idea to add Tego to your watch list.