Insider Selling: StorageVault Canada Inc. (TSE:SVI) Director Sells 30,000 Shares of Stock

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$3.78, for a total value of C$113,439.00.

StorageVault Canada Stock Down 2.6 %

Shares of TSE:SVI traded down C$0.10 during trading on Monday, hitting C$3.77. 62,981 shares of the company were exchanged, compared to its average volume of 413,012. StorageVault Canada Inc. has a 1-year low of C$3.53 and a 1-year high of C$5.26. The company has a market capitalization of C$1.39 billion, a P/E ratio of -27.44 and a beta of 0.89. The business's 50 day moving average is C$3.84 and its 200-day moving average is C$3.94.

StorageVault Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.0029 per share. The ex-dividend date was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a yield of 0.31%. StorageVault Canada's payout ratio is currently -7.28%.

Analyst Upgrades and Downgrades

SVI has been the subject of several research analyst reports. CIBC lowered their price objective on StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Raymond James raised their price objective on StorageVault Canada from C$4.70 to C$4.75 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Canaccord Genuity Group raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and reduced their price objective for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th. Scotiabank lowered their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, Desjardins reduced their price target on shares of StorageVault Canada from C$4.75 to C$4.25 and set a "hold" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$5.13.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.

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