Canlan Ice Sports (TSE:ICE) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Canlan Ice Sports Corp. (TSE:ICE)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.30 and traded as high as C$4.32. Canlan Ice Sports shares last traded at C$4.32, with a volume of 1,339 shares traded.

Canlan Ice Sports Stock Performance

The stock’s 50-day moving average is C$4.31 and its 200 day moving average is C$4.24. The stock has a market cap of C$58.15 million, a price-to-earnings ratio of 14.06 and a beta of -0.07. The company has a debt-to-equity ratio of 123.76, a current ratio of 0.71 and a quick ratio of 0.56.

Canlan Ice Sports (TSE:ICE) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.65 earnings per share for the quarter. Canlan Ice Sports had a net margin of 4.16% and a return on equity of 10.44%. The business had revenue of C$29.36 million for the quarter.

Canlan Ice Sports Company Profile

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America.