Great Canadian Gaming (TSE:GC) Share Price Passes Above Two Hundred Day Moving Average of $41.61

Great Canadian Gaming Corp (TSE:GC)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.61 and traded as high as $44.85. Great Canadian Gaming shares last traded at $44.39, with a volume of 117,898 shares traded.

Separately, Royal Bank of Canada cut their price objective on Great Canadian Gaming from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st.

The stock has a market cap of $2.54 billion and a PE ratio of 13.16. The firm has a fifty day moving average of C$41.91 and a 200 day moving average of C$41.61. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 221.22.

In other news, Director Rodney Baker sold 950,630 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$53.74, for a total transaction of C$51,083,909.25. Also, Director Chuck Keeling sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$41.52, for a total transaction of C$83,044.00. Following the sale, the director now owns 10,295 shares of the company’s stock, valued at approximately C$427,468.99. Insiders sold 1,140,878 shares of company stock worth $60,786,425 in the last three months.

About Great Canadian Gaming (TSE:GC)

Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company's gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of December 19, 2018, it had 29 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State.

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