DeepMarkit (CVE:MKT) Shares Up 31.1% – Should You Buy?

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

DeepMarkit Stock Performance

The company has a market capitalization of C$28.30 million, a price-to-earnings ratio of -24.25 and a beta of -0.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.35 and a quick ratio of 4.68. The stock has a 50 day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.14.

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.