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The cybersecurity industry is expected to grow at a fairly rapid clip over the coming years and hence, it may be a good time for investors to take a look at some companies from the sector. Zerify Inc (OTCMKTS:ZRFY) has been involved with the industry for more than two decades and is involved in providing products meant for securing video conferencing.
Market Action
On Friday, ZRFY stock ended up by 0.32% to $0.0075 with 1.49 million shares, compared to its average volume of 2.41 million shares. The stock moved within a range of $0.0071 – 0.0076 after opening trade at $0.0075.
The company was in the news earlier this month on October 12 when it announced that it had gone into a partnership with Vation Ventures for the purpose of speeding up the growth of its Partner Program. It was a major new announcement from the company and one that could lead to considerable future growth. In this context, it may be a good idea for investors to consider having a look Vation Ventures as an enabler.
Vation is involved in the business of helping innovating companies with the task of managing the emerging technology space by way of its end-to-end solution which speeds up the time necessary to market a product through the channel partners. It was noted in the announcement that the partnership is going to help Zerify in creating new pipelines and eventually lead to a rise in revenues.
The service provided by Vation is regarded as a Channels-as-a-Service program and remains one of the many offerings it provides to its clients. It may be a good idea for investors to now keep an eye on the developments specific to Zerify and its Partner Program in the coming days.
Traders Note
ZRFY stock is trading below the 20-Day and 50-Day Moving averages of $0.0083 and $0.0102 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0261.
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