Parkit Enterprise (CVE:PKT) Trading Up 1.8% - Here's What Happened

Key Points

• Parkit Enterprise Inc. (CVE:PKT) experienced a share price increase of 1.8%, reaching C$0.56, during mid-day trading on Monday, despite a significant decline in trading volume.
• Insiders have shown confidence in the company, purchasing 537,900 shares worth approximately C$288,825 over the last 90 days, indicating strong internal support.
• Parkit Enterprise focuses on the acquisition and management of industrial real estate in Canada and the U.S., with a current market capitalization of C$122.56 million.

Parkit Enterprise Inc. (CVE:PKT - )'s share price rose 1.8% during mid-day trading on Monday . The stock traded as high as C$0.56 and last traded at C$0.56. Approximately 2,100 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 106,014 shares. The stock had previously closed at C$0.55.

Parkit Enterprise Price Performance

The company has a 50 day moving average price of C$0.52 and a 200-day moving average price of C$0.48. The company has a market cap of C$122.56 million, a price-to-earnings ratio of -37.48 and a beta of 1.97. The company has a quick ratio of 5.35, a current ratio of 6.17 and a debt-to-equity ratio of 48.28.

Insiders Place Their Bets

In other Parkit Enterprise news, insider Parkit Enterprise Inc. purchased 479,400 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was purchased at an average price of C$0.55 per share, with a total value of C$263,670.00. Over the last 90 days, insiders have purchased 537,900 shares of company stock worth $288,825. Insiders own 39.47% of the company's stock.

About Parkit Enterprise

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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