Tego Cyber Inc (OTCMKTS:TGCB) Stock Corrects After Recent Gains

The cybersecurity space is expected to grow strongly over the coming years and one of the more innovative companies in that space is Tego Cyber Inc (OTCMKTS:TGCB), which is regarded as a cybersecurity software as a service (SaaS) company.

Trading Data

On Wednesday, TGCB stock decreased 7.48% to $0.3700 with more than 65.10K shares, compared to volume of 18.06K shares. The stock moved within a range of $0.2600 – 0.3999 after opening trade at $0.3999.

Tego Cyber Inc. Announces Changes and Additions to Management Team

The company was in focus on Wednesday after it announced that it had appointed a new Vice President of Sales in the form of Stephen Semeniw and a new Chief Information Security Office (CISO) in the form of Melissa Knight. The previous CISO at Tego Cyber, Chris White would continue serve on the company’s board of directors. All the appointments went into effect immediately.

Knight has been a cybersecurity executive for two decades and would bring a world of experienced to her role of the CISO. She had a glittering career in both private and government sectors, with special focus on Cyber Defense Operations. She had key roles in both the United States Department of Energy’s National Nuclear Security Administration and also in the Department of Defense.

Stephen Semeniw is also a seasoned executive with more than 35 years of experience in sales, business development, operations and marketing among others. He has primarily worked with companies involved in internet, high technology, media and entertainment.