Canlan Ice Sports (TSE:ICE) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Price technical: Canlan Ice Sports' shares crossed below its 200-day moving average on Tuesday, trading as low as C$4.05 versus the 200‑day MA of C$4.24, on a volume of 600 shares.
• Fundamentals and recent results: The company has a market cap of C$54.01M and a P/E of 13.97 but carries high leverage (debt-to-equity 142.85) and weak liquidity (current ratio 0.59); last quarter reported EPS of C$0.17 on revenue of C$27.42M, with ROE 8.91% and net margin 3.86%.

Canlan Ice Sports Corp. (TSE:ICE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.24 and traded as low as C$4.05. Canlan Ice Sports shares last traded at C$4.05, with a volume of 600 shares changing hands.

Canlan Ice Sports Stock Up 1.3%

The business has a fifty day simple moving average of C$4.18 and a 200 day simple moving average of C$4.24. The firm has a market cap of C$54.01 million, a price-to-earnings ratio of 13.97 and a beta of -0.14. The company has a debt-to-equity ratio of 142.85, a current ratio of 0.59 and a quick ratio of 0.56.

Canlan Ice Sports (TSE:ICE - Get Free Report) last announced its earnings results on Tuesday, March 24th. The company reported C$0.17 EPS for the quarter. Canlan Ice Sports had a return on equity of 8.91% and a net margin of 3.86%.The business had revenue of C$27.42 million during 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.

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