D-BOX Technologies (TSE:DBO) Reaches New 52-Week High - Here's Why

Key Points

• D-BOX Technologies Inc. reached a new 52-week high of C$0.45, marking a significant increase from its previous close of C$0.43.
• The company has a market capitalization of C$101.15 million and a P/E ratio of 16.25, indicating healthy financial performance.
• Insider transactions include Director Naveen Prasad and Director David Mclurg purchasing a total of 900,000 shares, reflecting confidence in the company's future prospects.

Shares of D-BOX Technologies Inc. (TSE:DBO - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.45 and last traded at C$0.45, with a volume of 1099021 shares. The stock had previously closed at C$0.43.

D-BOX Technologies Price Performance

The company has a current ratio of 2.42, a quick ratio of 1.07 and a debt-to-equity ratio of 17.15. The stock has a market capitalization of C$101.15 million, a P/E ratio of 16.25 and a beta of 1.44. The stock has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.24.

Insiders Place Their Bets

In other news, Director Naveen Prasad acquired 200,000 shares of D-BOX Technologies stock in a transaction on Friday, June 20th. The shares were bought at an average cost of C$0.25 per share, for a total transaction of C$50,980.00. Also, Director David Mclurg bought 700,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were bought at an average cost of C$0.27 per share, for a total transaction of C$186,116.00. Insiders have bought 1,350,000 shares of company stock worth $345,596 in the last ninety days. 10.74% of the stock is owned by company insiders.

D-BOX Technologies Company Profile

D-BOX redefines and creates realistic, immersive and haptic entertainment experiences by providing whole-body feedback and stimulating the imagination through movement. Haptics essentially allows for sensations that would be perceived if the body were to interact directly with physical objects. This expertise explains why D-BOX has collaborated with some of the world's best companies to tell captivating stories.

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