Parkit Enterprise (CVE:PKT) Stock Price Up 7% - What's Next?

Key Points

• Parkit Enterprise Inc. (CVE:PKT) experienced a 7% increase in stock price, closing at C$0.61 after previously closing at C$0.57, although trading volume fell significantly to approximately 4,300 shares.
• The company's debt-to-equity ratio stands at 48.28, with a market capitalization of approximately C$132.73 million and a P/E ratio of 8.71.
• Insider trading activity revealed that Parkit Enterprise insiders own 39.47% of the company and recently purchased 479,400 shares at an average cost of C$0.55 each.

Shares of Parkit Enterprise Inc. (CVE:PKT - Get Free Report) were up 7% during trading on Wednesday . The stock traded as high as C$0.61 and last traded at C$0.61. Approximately 4,300 shares traded hands during trading, a decline of 97% from the average daily volume of 158,551 shares. The stock had previously closed at C$0.57.

Parkit Enterprise Stock Up 6.7%

The company has a quick ratio of 5.35, a current ratio of 6.17 and a debt-to-equity ratio of 48.28. The business's 50-day moving average is C$0.61 and its two-hundred day moving average is C$0.50. The stock has a market capitalization of C$139.26 million, a price-to-earnings ratio of 9.14 and a beta of 1.04.

Insider Activity

In related news, insider Parkit Enterprise Inc. bought 479,400 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average cost of C$0.55 per share, with a total value of C$263,670.00. 39.47% of the stock is owned by corporate insiders.

Parkit Enterprise Company Profile

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.