Parkit Enterprise (CVE:PKT) Shares Down 3.5% – Here’s Why

Parkit Enterprise Inc. (CVE:PKT)’s share price dropped 3.5% during trading on Friday . The stock traded as low as C$0.55 and last traded at C$0.55. Approximately 26,037 shares traded hands during trading, a decline of 48% from the average daily volume of 50,216 shares. The stock had previously closed at C$0.57.

Parkit Enterprise Stock Performance

The firm has a market cap of C$122.88 million, a PE ratio of -27.50 and a beta of 1.97. The company has a quick ratio of 5.35, a current ratio of 2.95 and a debt-to-equity ratio of 116.60. The company has a 50-day simple moving average of C$0.63 and a two-hundred day simple moving average of C$0.60.

Insider Transactions at Parkit Enterprise

In other news, Director Bradley Roy Dunkley bought 1,000,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was acquired at an average cost of C$0.70 per share, with a total value of C$699,800.00. Also, Director Robert Blair Tamblyn sold 60,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00. Company insiders own 39.47% of the company’s stock.

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.