Heritage Media (OTCMKTS:OLVI) Shares Down 13.6% - Here's Why

Key Points

• Heritage Media's stock price dropped 13.6% during mid-day trading, falling from a previous close of $0.95 to $0.82.
• The trading volume significantly decreased by 65%, with only 2,920 shares exchanged compared to an average of 8,321 shares.
• Heritage Media has a market capitalization of $524.98 million and a PE ratio of -8.17, indicating potential challenges in profitability.

Heritage Media Corp. (OTCMKTS:OLVI - )'s stock price fell 13.6% during mid-day trading on Monday . The stock traded as low as $0.79 and last traded at $0.82. 2,920 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 8,321 shares. The stock had previously closed at $0.95.

Heritage Media Stock Down 13.6%

The stock has a market capitalization of $524.98 million, a PE ratio of -8.17 and a beta of -1.85. The firm has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.37.

Heritage Media Company Profile

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

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