Canlan Ice Sports (TSE:ICE) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Canlan Ice Sports Corp. (TSE:ICE) recently saw its share price drop below its 200-day moving average to as low as C$3.80, which signals potential concerns for investors.
• The company declared a quarterly dividend of $0.03 per share, expected to be paid on October 15th, with a dividend yield of 3.0%.
• Canlan Ice Sports has a market capitalization of C$53.08 million and operates various recreation facilities across North America.

Canlan Ice Sports Corp. (TSE:ICE - )'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.03 and traded as low as C$3.80. Canlan Ice Sports shares last traded at C$3.98, with a volume of 4,730 shares trading hands.

Canlan Ice Sports Stock Performance

The business has a 50 day moving average of C$4.18 and a 200 day moving average of C$4.03. The company has a market capitalization of C$53.08 million, a P/E ratio of 14.21 and a beta of 0.13. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 110.25.

Canlan Ice Sports Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 3.0%. Canlan Ice Sports's dividend payout ratio is presently 42.86%.

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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