(BITK) Blockchaink2 - Ratings and Ratios

BlockchainK2 Corp. (V:BITK) is a Canada-based company focused on investing in and developing blockchain technology solutions across multiple industries. Its portfolio includes Amplify, a blockchain-powered gaming platform designed to enhance the sales and promotion of video games through decentralized solutions. The company also operates the iRecover Coin App, which integrates principles from behaviorism, social neurodevelopment, and behavioral economics to support individuals recovering from addiction. Additionally, BlockchainK2 Corp. distributes health and beauty products through a network of independent stores, including resorts, spas, pharmacies, salons, hotel chains, and department stores in the United States. Formerly known as Africa Hydrocarbons Inc., the company rebranded as BlockchainK2 Corp. in May 2018 to reflect its strategic shift toward blockchain technology and digital innovation.

From a technical perspective, BITK is currently trading at CAD 0.08, with a 20-day average volume of 8,000 shares. The stock is trading below its 50-day SMA (0.09) and significantly below its 200-day SMA (0.16), indicating bearish momentum. The ATR of 0.01 reflects low volatility in recent trading sessions. On the fundamental side, the company has a market cap of CAD 2.42M, with a P/B ratio of 24.72, suggesting a significant premium on book value. The P/S ratio of 16.88 indicates a high valuation relative to its revenue. However, the lack of reported P/E and RoE data raises questions about profitability and operational efficiency.