YANGAROO (CVE:YOO) Trading 50% Higher – Here’s Why

Shares of YANGAROO Inc. (CVE:YOO) shot up 50% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 309,814 shares were traded during trading, an increase of 933% from the average session volume of 29,991 shares. The stock had previously closed at C$0.03.

YANGAROO Stock Performance

The stock’s 50 day moving average is C$0.03 and its 200 day moving average is C$0.04. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 139.86. The firm has a market cap of C$2.86 million, a price-to-earnings ratio of 4.50 and a beta of 1.89.

About YANGAROO

YANGAROO Inc, a software company, provides workflow management solutions for the media and entertainment industries in Canada and the United States. It operates and offers Digital Media Distribution System (DMDS) platform, a cloud-based technology that provides an integrated workflow and broadcaster connected managed network for digital content delivery and related data management in the advertising, music, and entertainment award show markets. The company was formerly known as Musicrypt.com Inc and changed its name to YANGAROO Inc in July 2007.