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Siyata Mobile Inc (NASDAQ:SYTA) shares are trading higher by 12.2% to $1.47 during Tuesday’s session. The company earlier announced the appointment of Campbell Becher to its board of directors, effective September 1.
This appointment fills the position previously held by Stephen Ospalak, who has resigned from the board. Following Becher’s addition, the board now consists of four members, three of whom are independent.
Siyata says Campbell Becher brings over 20 years of investment banking experience to Siyata. He is currently the CEO of Iber American Lithium.
Marc Seelenfreund, CEO of Siyata Mobile, expressed his excitement at Becher joining the board, highlighting that Becher's expertise and leadership will be valuable assets as the company continues to expand.
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By now you're likely curious about how to participate in the market for Siyata Mobile – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Siyata Mobile, which is trading at $1.47 as of publishing time, $100 would buy you 62.11 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, SYTA has a 52-week high of $437.09 and a 52-week low of $1.24.
Posted In: SYTA
