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

Heritage Media logo with Computer and Technology background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Heritage Media Corp. (OTCMKTS:OLVI - Get Free Report) shares were down 13.6% during mid-day trading on Monday . The stock traded as low as $0.79 and last traded at $0.82. Approximately 2,920 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 8,321 shares. The stock had previously closed at $0.95.

Heritage Media Trading Down 6.0%

The company has a 50 day simple moving average of $1.07 and a 200-day simple moving average of $1.36. The stock has a market cap of $601.29 million, a price-to-earnings ratio of -9.35 and a beta of -1.69.

About Heritage Media

(Get Free Report)

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

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