Sign up Australia
Proactive Investors - Run By Investors For Investors

Covata lists on ASX, to secure data

Covata lists on ASX, to secure data

Covata (ASX:CVT) has begun trading on the ASX after raising $15 million at an offer price per share of A$0.20 per share.

At this price it would provide a $74 million market cap for the data security company.  The company listed after completing a reverse takeover of uranium explorer Prime Minerals.

The company enjoyed strong support from new institutional and high net worth investors which is tapping into the global growth from costs of securing data assets from hackers.

The company uses identification and time sensitive encryption keys as a part of its platform.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full CVT profile View Profile

Covata Ltd Timeline

Newswire
November 21 2014

Related Articles

UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 19 2017
Brendan Martin talked underwater drone technology and commercialisation.
wood chip pile
July 03 2017
Acquisitions over the past year had driven the improvement and will give sales a further kicker in the current year.
5750162705_6312fedf6d_o_opt.jpg
June 15 2017
Positive releases have centred around its photodynamic therapy technology

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use