Heritage Media (OTCMKTS:OLVI) Shares Up 7.3% - Time to Buy?

Key Points

• Heritage Media Corp. (OTCMKTS:OLVI) shares increased by 7.3% to $0.81 despite a significant drop in trading volume.
• The company has a market capitalization of $517.46 million and a PE ratio of -8.05, indicating negative earnings.
• Heritage Media Corporation, based in Calgary, Canada, was formerly known as Lignin Industries Inc.

Heritage Media Corp. (OTCMKTS:OLVI - ) shares shot up 7.3% on Tuesday . The company traded as high as $0.81 and last traded at $0.81. 274 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 11,139 shares. The stock had previously closed at $0.75.

Heritage Media Price Performance

The stock has a market capitalization of $517.46 million, a PE ratio of -8.05 and a beta of -1.85. The stock's 50 day simple moving average is $1.22 and its two-hundred day simple moving average is $1.39.

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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