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Tantalus Systems (TSE:GRID) Shares Up 4.3% - Here's What Happened

Tantalus Systems logo with Industrials background

Key Points

  • Tantalus Systems shares increased by 4.3% to close at C$2.93 after reaching a high of C$2.96 during trading on Wednesday.
  • The company's market cap is C$150.15 million with a price-to-earnings ratio of -146.50 and a debt-to-equity ratio of 203.30.
  • Tantalus is a smart grid technology company focused on transforming utility infrastructure to enhance efficiency, reliability, and sustainability.
  • MarketBeat previews top five stocks to own in October.

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report) shares shot up 4.3% during trading on Wednesday . The company traded as high as C$2.96 and last traded at C$2.93. 48,001 shares changed hands during trading, a decline of 34% from the average session volume of 72,496 shares. The stock had previously closed at C$2.81.

Tantalus Systems Price Performance

The stock's 50-day moving average price is C$3.12 and its 200 day moving average price is C$2.50. The firm has a market cap of C$150.15 million, a price-to-earnings ratio of -146.50 and a beta of 0.37. The company has a quick ratio of 0.51, a current ratio of 0.96 and a debt-to-equity ratio of 203.30.

Tantalus Systems Company Profile

(Get Free Report)

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.

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