Redknee Solutions Inc (TSE:RKN) shot up 3.4% on Wednesday . The stock traded as high as C$0.92 and last traded at C$0.90. 125,100 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 515,436 shares. The stock had previously closed at C$0.87.
Separately, Royal Bank Of Canada raised Redknee Solutions from an “underperform” rating to a “sector perform” rating and set a C$0.75 price objective for the company in a report on Wednesday, September 13th.
The company’s market capitalization is $105.26 million. The firm has a 50 day moving average of $0.82 and a 200 day moving average of $0.88.
In related news, insider Vishal Kothari sold 50,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of C$0.75, for a total transaction of C$37,500.00.
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Redknee Solutions Company Profile
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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