Westshore Terminals Investment (TSE:WTE) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Westshore Terminals Investment shares fell below their 200-day moving average of C$25.85, trading as low as C$24.75 before settling at C$25.02.
• The company has a market capitalization of C$1.55 billion and a debt-to-equity ratio of 62.46, indicating a significant reliance on debt.
• Westshore Terminals primarily operates a coal storage and loading terminal in British Columbia, serving mines from Canada and the northwestern United States.

Westshore Terminals Investment Co. (TSE:WTE - ) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.85 and traded as low as C$24.75. Westshore Terminals Investment shares last traded at C$25.02, with a volume of 60,204 shares traded.

Westshore Terminals Investment Stock Performance

The company has a debt-to-equity ratio of 62.46, a quick ratio of 2.07 and a current ratio of 1.08. The business has a 50-day moving average price of C$26.19 and a 200 day moving average price of C$25.85. The stock has a market capitalization of C$1.55 billion, a P/E ratio of 15.07 and a beta of 0.51.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States.

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