Tantalus Systems (TSE:GRID) Trading 0.7% Higher - What's Next?

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 traded up 0.7% during trading on Tuesday . The stock traded as high as C$3.02 and last traded at C$2.95. 43,059 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 72,293 shares. The stock had previously closed at C$2.93.

Tantalus Systems Price Performance

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

Tantalus Systems Company Profile

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.