Tantalus Systems (TSE:GRID) Trading Up 0.7% - Should You Buy?

Key Points

• Tantalus Systems shares increased by 0.7%, trading at C$2.95 after reaching a high of C$3.02 during the day, with a notable 40% decline in trading volume.
• The company's market capitalization stands at C$103.41 million, and it has a negative price-to-earnings ratio of -78.46, indicating current challenges in profitability.
• Tantalus Systems focuses on transforming traditional power grids into multi-directional grids that enhance efficiency and reliability for utilities and their communities.

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report)'s stock price was up 0.7% during mid-day trading on Tuesday . The company traded as high as C$3.02 and last traded at C$2.95. Approximately 43,059 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 72,293 shares. The stock had previously closed at C$2.93.

Tantalus Systems Stock Performance

The company has a debt-to-equity ratio of 203.30, a current ratio of 0.96 and a quick ratio of 0.51. The stock has a market capitalization of C$108.31 million, a price-to-earnings ratio of -82.19 and a beta of 0.34. The business has a 50 day simple moving average of C$3.09 and a 200-day simple moving average of C$2.41.

About Tantalus Systems

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity.