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Heritage Media (OTCMKTS:OLVI) Stock Price Up 20% - What's Next?

Heritage Media logo with Computer and Technology background

Key Points

  • Heritage Media's shares rose 20% on Tuesday, reaching a trading price of $1.20, despite a significant decline in trading volume.
  • The company has a market capitalization of $666.52 million and a price-to-earnings ratio of -10.37.
  • Heritage Media Corporation, formerly known as Lignin Industries Inc, is based in Calgary, Canada.
  • Looking to export and analyze Heritage Media data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Heritage Media Corp. (OTCMKTS:OLVI - Get Free Report) rose 20% during mid-day trading on Tuesday . The company traded as high as $1.20 and last traded at $1.20. Approximately 4,672 shares traded hands during trading, a decline of 59% from the average daily volume of 11,259 shares. The stock had previously closed at $1.00.

Heritage Media Price Performance

The stock has a market capitalization of $623.46 million, a price-to-earnings ratio of -9.70 and a beta of -1.84. The business's fifty day moving average price is $1.45 and its 200-day moving average price is $1.47.

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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