D-BOX Technologies makes new 52 week high

Just three days after Cineplex announced that they will be increasing the presents of D-BOX motion systems by more than 50% their current install and a $0.70 price target from Euro Pacific Canada, D-BOX Technologies Inc (TSX:DBO) breaks through a key technical resistance level to make a new 52 week high.

This has been along time coming, on December 18th, 2015 Gold-Finance Asset Management Limited announced that it has purchased 11,111,111 units of D-Box Technologies Inc at a price of $0.45 per unit by way of private placement. At the time of the announcement D-BOX was trading at $0.30, implying D-BOX was undervalued by 50%!

As you can see from the chart below $0.395 has been a major hurdle for the D-BOX share price, but after five attempts in the past two years D-BOX was finally able to takeout a large block of stock at $0.40 to make a new 52 week high!

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