Longueuil, Quebec-based D-Box Technologies (TSX:T.DBO
, Stock Forum
) has doubled since the beginning of 2014, taking off on a long mountain climb that seems to be getting higher by the day. It jumped another 12.2% Wednesday, to $0.32.
But don’t ask the company why.
“D-BOX is not aware of any corporate developments to account for this activity,” said executives in a news release
. “D-BOX's policy is not to comment on rumors or speculation and accordingly, does not intend to comment further.”
The company creates motion systems that are used in cinemas to shake patrons about in accordance with what they’re viewing on screen. When a car hits a wall, the seat jerks to enhance the user experience.
The company recently announced a 36% sales increase
in February and sales in Brazil
in late March.
D-Box has a $53.2 million market cap with 163.8 million shares outstanding.