DeepMarkit (CVE:MKT) Trading Up 31.1% – Still a Buy?

DeepMarkit Corp. (CVE:MKT)’s share price was up 31.1% during trading on Friday . The stock traded as high as C$0.49 and last traded at C$0.49. Approximately 307,224 shares changed hands during mid-day trading, an increase of 277% from the average daily volume of 81,496 shares. The stock had previously closed at C$0.37.

DeepMarkit Price Performance

The stock’s 50 day moving average price is C$0.27 and its 200-day moving average price is C$0.14. The company has a quick ratio of 4.68, a current ratio of 0.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of C$28.30 million, a PE ratio of -24.25 and a beta of -0.64.

About DeepMarkit

DeepMarkit Corp. provides game-based marketing software services. The company operates DeepMarkit platform and MintCarbon.io platform, a web-based software-as-a-service platform that facilitates the minting of carbon credits into non-fungible tokens. The company was formerly known as Challenger Deep Resources Corp. and changed its name to DeepMarkit Corp. in October 2015. DeepMarkit Corp. was incorporated in 2007 and is headquartered in Calgary, Canada.