D-BOX Technologies (TSE:DBO) Shares Up 16.1% - Here's What Happened

Key Points

• D-BOX Technologies shares surged 16.1% during mid-day trading, reaching as high as C$0.37 before closing at C$0.36, with trading volume rising 364% compared to the average.
• Insiders have significantly increased their holdings, purchasing a total of 1,350,000 shares worth approximately C$345,596 over the last three months, reflecting strong confidence in the company.
• The company's market cap is C$78.77 million, with a price-to-earnings ratio of 37.64 and a debt-to-equity ratio of 17.15, indicating its current financial health.

Shares of D-BOX Technologies Inc. (TSE:DBO - Get Free Report) rose 16.1% on Thursday . The company traded as high as C$0.37 and last traded at C$0.36. Approximately 1,911,082 shares traded hands during mid-day trading, an increase of 364% from the average daily volume of 411,800 shares. The stock had previously closed at C$0.31.

D-BOX Technologies Trading Up 10.1%

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 firm has a market cap of C$96.52 million, a price-to-earnings ratio of 46.13 and a beta of 0.99. The business has a 50 day moving average of C$0.29 and a 200 day moving average of C$0.21.

Insider Activity at D-BOX Technologies

In other news, Director Naveen Prasad bought 200,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was bought at an average price 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 firm's stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of C$0.27 per share, with a total value of C$186,116.00. In the last ninety days, insiders have purchased 1,350,000 shares of company stock worth $345,596. 10.74% of the stock is currently 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.