ProntoForms (CVE:PFM) Shares Cross Below 50-Day Moving Average of $0.56

ProntoForms Corp (CVE:PFM)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.56 and traded as low as $0.54. ProntoForms shares last traded at $0.54, with a volume of 25,000 shares.

Separately, Beacon Securities increased their price objective on ProntoForms from C$0.85 to C$1.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

The company has a current ratio of 1.76, a quick ratio of 1.55 and a debt-to-equity ratio of 204.69. The firm has a market capitalization of $67.14 million and a price-to-earnings ratio of -32.94. The stock’s 50 day moving average price is C$0.56 and its two-hundred day moving average price is C$0.52.

In other ProntoForms news, insider Mercantil Colpatria S.A. sold 2,214,665 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$0.54, for a total value of C$1,204,777.76. Following the sale, the insider now owns 12,013,085 shares of the company’s stock, valued at C$6,535,118.24. Also, Director James Norman Davies sold 60,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$0.60, for a total value of C$36,000.00. Following the completion of the transaction, the director now owns 234,000 shares of the company’s stock, valued at approximately C$140,400.

ProntoForms Company Profile (CVE:PFM)

ProntoForms Corporation researches, develops, and markets mobile business solutions to automate field sales, field service, and other field data collection business processes. Its ProntoForms mobile platform enables remote workers to access data collection forms on a mobile device, access company data in the field, and automatically share the results with back-office systems, cloud services, and people, as well as companies to track, analyze, and enhance processes with an OS-native mobile data collection app.

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