Plurilock Security Inc (PLUR.V) is a Canadian identity-centric AI cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.

Recently, the Company reported fiscal 2023 financial results including $70.4 million total revenue for 2023. Details can be found here.

Today, Plurilock announced the sale of an advanced edge and network security solution to a key agency of the Government of Canada, in a combined hardware and software sale totaling CA$900,000.

The sale provides the agency with technology to upgrade certain high-security networks, providing new high-capacity and high-performance capabilities. These capabilities will enable authorized users to work securely on these high-security networks from locations around the world, with maximum performance and while complying with current standards and best practices.

“It is our privilege to provide security technology to the Government of Canada,” says Ian L. Paterson, CEO of Plurilock, “and we are proud to play a key part in securing these critical networks.”

In the same press release, Plurilock released news regarding an update about investor relations services.

The stock is up over 10% on this news at time of writing.

We did have a small breakout on the daily chart with price action on April 29th 2024, taking out interim resistance at $0.355. The major resistance comes in at the $0.50 zone which is a major psychological level. The downtrend is still intact, but a close above $0.50 would nullify many bearish confluences.

Currently, the stock could be pulling off a successful retest of the breakout of the interim resistance just mentioned.