D-BOX Technologies (TSE:DBO) Shares Up 16.1% - Time to Buy?

Key Points

• D-BOX Technologies shares rose by 16.1% on Thursday, trading as high as C$0.37, significantly increasing in volume by 626% from the average session.
• Insider transactions indicate strong confidence in the company, as directors purchased a total of 1,350,000 shares valued at C$345,596 in recent months.
• The company's market capitalization stands at C$80.43 million, with a quick ratio of 1.07 and a debt-to-equity ratio of 17.15, reflecting its financial health.

D-BOX Technologies Inc. (TSE:DBO - ) shares shot up 16.1% on Thursday . The stock traded as high as C$0.37 and last traded at C$0.36. 3,077,684 shares changed hands during mid-day trading, an increase of 626% from the average session volume of 424,083 shares. The stock had previously closed at C$0.31.

D-BOX Technologies Stock Up 16.9%

The company has a quick ratio of 1.07, a current ratio of 2.42 and a debt-to-equity ratio of 17.15. The company has a market capitalization of C$80.43 million, a P/E ratio of 38.44 and a beta of 0.99. The firm has a 50-day moving average price of C$0.28 and a two-hundred day moving average price of C$0.21.

Insider Buying and Selling

In other D-BOX Technologies news, Director Naveen Prasad purchased 200,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of C$0.25 per share, with a total value of C$50,980.00. Also, Director David Mclurg purchased 700,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average cost of C$0.27 per share, with a total value of C$186,116.00. Insiders bought a total of 1,350,000 shares of company stock valued at $345,596 over 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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