Canlan Ice Sports (TSE:ICE) Shares Pass Below 200 Day Moving Average – Should You Sell?

Canlan Ice Sports Corp. (TSE:ICE) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.21 and traded as low as C$4.02. Canlan Ice Sports shares last traded at C$4.19, with a volume of 4,373 shares changing hands.

Canlan Ice Sports Price Performance

The stock has a 50-day simple moving average of C$4.34 and a 200 day simple moving average of C$4.21. The company has a market cap of C$55.88 million, a PE ratio of 13.97 and a beta of -0.18. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 110.25.

Canlan Ice Sports (TSE:ICE) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$21.14 million for the quarter. Canlan Ice Sports had a return on equity of 1.03% and a net margin of 0.52%.

Canlan Ice Sports Company Profile

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America.