Kevin Boston Purchases 1,000 Shares of Pason Systems Inc. (PSI) Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were purchased at an average price of C$15.05 per share, with a total value of C$15,050.00.

Shares of TSE PSI traded up C$0.08 during mid-day trading on Friday, hitting C$19.93. The company had a trading volume of 238,200 shares, compared to its average volume of 125,043. Pason Systems Inc. has a 12 month low of C$16.05 and a 12 month high of C$24.57.

PSI has been the subject of a number of recent analyst reports. Industrial Alliance Securities upped their price target on shares of Pason Systems from C$19.00 to C$20.50 in a report on Thursday, August 9th. National Bank Financial upgraded shares of Pason Systems from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$22.00 to C$23.00 in a report on Thursday, August 9th. CIBC decreased their price target on shares of Pason Systems from C$23.00 to C$22.00 in a report on Tuesday, October 16th. Finally, GMP Securities upped their price target on shares of Pason Systems from C$22.00 to C$24.50 in a report on Friday, August 10th.

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Pason Systems Company Profile

Pason Systems Inc provides instrumentation data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.

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