Inter Pipeline (TSE:IPL) Share Price Crosses Above 50-Day Moving Average of $19.12

Inter Pipeline Ltd. (TSE:IPLGet Rating)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$19.12 and traded as high as C$19.20. Inter Pipeline shares last traded at C$19.12, with a volume of 488,974 shares changing hands.

Inter Pipeline Price Performance

The firm’s 50-day moving average is C$19.12. The company has a debt-to-equity ratio of 163.02, a quick ratio of 0.15 and a current ratio of 0.20. The stock has a market capitalization of C$8.21 billion and a price-to-earnings ratio of 17.07.

Inter Pipeline Company Profile

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Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids (NGL) processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; NGL Processing; and Bulk Liquid Storage. The Oil Sands Transportation segment transports petroleum products through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity; and related blending and handling services.

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