Heritage Media (OTCMKTS:OLVI) Announces Earnings Results

Key Points

• Heritage Media reported a quarterly loss of ($0.05) EPS on revenue of $22.37 million.
• Shares fell about 11.3%, opening at $0.35; the stock has a market cap of $225.72 million, a negative P/E of -11.67, and a 12‑month range of $0.16–$2.57.
• The company is based in Calgary and was formerly known as Lignin Industries.

Heritage Media (OTCMKTS:OLVI - ) issued its earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $22.37 million for the quarter.

Heritage Media Stock Down 11.3%

Shares of OLVI opened at $0.35 on Tuesday. Heritage Media has a twelve month low of $0.16 and a twelve month high of $2.57. The company has a market capitalization of $225.72 million, a P/E ratio of -11.67 and a beta of -2.31. The firm has a 50 day moving average of $0.24 and a 200 day moving average of $0.36.

About Heritage Media

Heritage Media Corporation was formerly known as Lignin Industries Inc Heritage Media Corporation is based in Calgary, Canada.

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