Kidoz (CVE:KIDZ) Stock Price Up 21.3% – Here’s Why

Kidoz Inc. (CVE:KIDZ) saw a remarkable increase in its stock price, rising by 21.3% during trading on Saturday. The stock climbed as high as C$0.30 before closing at C$0.29. In total, around 277,367 shares changed hands, marking a notable 1,043% increase in trading volume compared to the average daily volume of 24,258 shares. Previously, the stock had closed at C$0.24.

Wall Street Analyst Weigh In

In a separate note, Fundamental Research established a price target of C$0.58 for Kidoz, assigning a “buy” rating to the stock in their report released on November 26th.

Kidoz Stock Performance

The stock currently boasts a market capitalization of C$26.31 million, with a price-to-earnings ratio of -22.24 and a beta of -1.69. Its 50-day simple moving average stands at C$0.19, while the 200-day simple moving average is at C$0.15.

About Kidoz

Kidoz Inc is engaged in the development and sale of AdTech software products across various regions including Western Europe, North America, and several other parts of Europe. The company is also known for its products like the Kidoz safe ad network, the Kidoz kid-mode operating system, the Kidoz publisher SDK, the Rooplay edugames platform, and the Rooplay originals.

Kidoz, Stocks, Increase