Tantalus Systems (TSE:GRID) Shares Up 3.4% - Here's What Happened

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report)'s stock price shot up 3.4% during mid-day trading on Thursday . The stock traded as high as C$2.47 and last traded at C$2.44. 126,067 shares changed hands during trading, an increase of 94% from the average session volume of 65,146 shares. The stock had previously closed at C$2.36.

Wall Street Analyst Weigh In

Separately, Raymond James set a C$3.25 price objective on Tantalus Systems and gave the stock an "outperform" rating in a research report on Wednesday, March 26th.

Tantalus Systems Trading Down 2.9%

The company has a quick ratio of 0.51, a current ratio of 0.96 and a debt-to-equity ratio of 203.30. The stock's 50 day moving average price is C$1.98 and its 200-day moving average price is C$1.89. The stock has a market capitalization of C$81.32 million, a P/E ratio of -61.71 and a beta of 0.34.

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.