Tantalus Systems (TSE:GRID) Stock Price Up 8.1% - Here's Why

Key Points

• Tantalus Systems stock increased by 8.1% on Wednesday, with shares trading up to C$4.03 before closing at C$3.88, signaling strong interest from investors.
• The company's market cap stands at C$198.84 million, with a debt-to-equity ratio of 203.30, indicating a high level of leverage in its capital structure.
• Tantalus Systems specializes in smart grid technology, aiming to enhance the efficiency and reliability of utility services through innovative solutions aimed at modernizing outdated grid systems.

Shares of Tantalus Systems Holding Inc. (TSE:GRID - ) rose 8.1% on Wednesday . The stock traded as high as C$4.03 and last traded at C$3.88. Approximately 97,541 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 75,428 shares. The stock had previously closed at C$3.59.

Tantalus Systems Stock 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 firm has a market cap of C$198.84 million, a price-to-earnings ratio of -194.00 and a beta of 0.27. The stock has a fifty day moving average price of C$3.24 and a 200 day moving average price of C$2.83.

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.

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