Blackline Safety Corp (CVE:BLN) Insider Buys C$12,474.00 in Stock

Blackline Safety Corp (CVE:BLN) insider DAK Capital Inc. purchased 2,200 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of C$5.67 per share, with a total value of C$12,474.00. Following the acquisition, the insider now directly owns 12,246,464 shares in the company, 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 acquired at an average price of C$5.50 per share, with a total value of C$3,850.00.
  • On Friday, June 5th, DAK Capital Inc. purchased 2,000 shares of Blackline Safety stock. The stock was acquired at an average price of C$5.48 per share, with a total value of C$10,960.00.

Shares of CVE:BLN opened at C$5.40 on Friday. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.98 and a current ratio of 2.60. Blackline Safety Corp has a 1 year low of C$3.53 and a 1 year high of C$7.40. The stock has a market capitalization of $222.74 million and a P/E ratio of -26.87. The stock has a 50-day simple moving average of C$5.43 and a 200-day simple moving average of C$5.77.

Several analysts have commented on BLN shares. Raymond James set a C$8.75 price target on Blackline Safety and gave the company an “outperform” rating in a report on Friday, June 26th. Pi Financial restated a “buy” rating and issued a C$9.00 price target on shares of Blackline Safety in a report on Wednesday, June 17th.

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.

Further Reading: Profit margin is different from the revenue

Insider Buying and Selling by Quarter for Blackline Safety (CVE:BLN)

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