Parkit Enterprise (CVE:PKT) Trading Up 16.3% - Still a Buy?

Parkit Enterprise Inc. (CVE:PKT - Get Free Report) shares traded up 16.3% during mid-day trading on Thursday . The company traded as high as C$0.57 and last traded at C$0.57. 156,500 shares were traded during trading, an increase of 29% from the average session volume of 120,989 shares. The stock had previously closed at C$0.49.

Parkit Enterprise Price Performance

The company has a debt-to-equity ratio of 48.28, a quick ratio of 5.35 and a current ratio of 6.17. The company has a market capitalization of C$124.75 million, a price-to-earnings ratio of -38.15 and a beta of 1.97. The company has a 50-day moving average price of C$0.42 and a 200-day moving average price of C$0.49.

Insider Activity at Parkit Enterprise

In other Parkit Enterprise news, insider Parkit Enterprise Inc. acquired 500,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of C$0.41 per share, for a total transaction of C$205,000.00. Over the last 90 days, insiders bought 575,000 shares of company stock worth $235,450. 39.47% of the stock is currently owned by company 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.

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