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Heritage Media (OTCMKTS:OLVI) Shares Up 20% - Here's Why

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

Heritage Media Stock Performance

The stock's 50-day simple moving average is $1.54 and its two-hundred day simple moving average is $1.49. The stock has a market cap of $666.52 million, a price-to-earnings ratio of -10.37 and a beta of -1.85.

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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