Blackline Safety Corp (CVE:BLN) insider DAK Capital Inc. purchased 2,200 shares of the stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average cost of C$5.67 per share, for a total transaction of C$12,474.00. Following the completion of the purchase, the insider now directly owns 12,246,464 shares of the company’s stock, valued at C$69,437,450.88.
DAK Capital Inc. also recently made the following trade(s):
- On Monday, June 29th, DAK Capital Inc. purchased 700 shares of Blackline Safety stock. The stock was purchased at an average cost of C$5.50 per share, for a total transaction of C$3,850.00.
- On Friday, June 5th, DAK Capital Inc. purchased 2,000 shares of Blackline Safety stock. The stock was purchased at an average cost of C$5.48 per share, for a total transaction of C$10,960.00.
CVE BLN traded down C$0.22 on Tuesday, reaching C$5.43. 5,791 shares of the company were exchanged, compared to its average volume of 18,596. The business’s fifty day moving average price is C$5.41 and its 200 day moving average price is C$5.77. The stock has a market capitalization of $222.74 million and a P/E ratio of -24.98. The company has a current ratio of 2.91, a quick ratio of 2.36 and a debt-to-equity ratio of 5.25. Blackline Safety Corp has a fifty-two week low of C$3.53 and a fifty-two week high of C$7.40.
A number of analysts have recently issued reports on BLN shares. Pi Financial reaffirmed a “buy” rating and issued a C$9.00 price target on shares of Blackline Safety in a research note on Wednesday, June 17th. Raymond James set a C$8.75 price objective on Blackline Safety and gave the stock an “outperform” rating in a research note on Friday.
Blackline Safety Company Profile
Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets products and services for worker safety monitoring in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers G7c, a safety monitoring device for indoor and outdoor locations covered by 3G wireless; G7x, a safety monitoring device for remote locations that are not covered by 3G wireless; standard cartridge for lone worker monitoring, single-gas cartridge for gas detection scenarios requiring only a single sensor, and multi-gas diffusion and pump cartridges for gas detection scenarios requiring up to five sensors; G7 Bridge, a portable satellite base station for remote locations, communicates with G7x; and G7 Dock, an accessory product used to calibrate G7c and G7x devices periodically while also offering frequent testing to prove that gas sensors are fully functional.
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