Shares of Chorus Ltd. (OTCMKTS:CHRYY – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 6,000 shares were traded during mid-day trading, an increase of 551% from the average daily volume of 922 shares. The stock last traded at $22.7905 and had previously closed at $22.5650.
Chorus Price Performance
The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.71. The company has a 50 day moving average of $23.85 and a 200-day moving average of $26.93.
About Chorus
Chorus Limited is a New Zealand telecommunications infrastructure company that owns and operates the country’s largest fixed-line communications network. The company provides wholesale access to telecommunications providers, which use its network to deliver broadband, voice and other connectivity services to residential, business and public-sector customers.
Chorus’ infrastructure includes a nationwide fibre network developed through New Zealand’s Ultra-Fast Broadband initiative, as well as legacy copper assets and related network facilities.
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