Canlan Ice Sports (TSE:ICE) Share Price Passes Below 200-Day Moving Average – Here’s Why

Canlan Ice Sports Corp. (TSE:ICE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.24 and traded as low as C$4.05. Canlan Ice Sports shares last traded at C$4.05, with a volume of 600 shares changing hands.

Canlan Ice Sports Stock Up 1.3%

The business has a fifty day simple moving average of C$4.18 and a 200 day simple moving average of C$4.24. The firm has a market cap of C$54.01 million, a price-to-earnings ratio of 13.97 and a beta of -0.14. The company has a debt-to-equity ratio of 142.85, a current ratio of 0.59 and a quick ratio of 0.56.

Canlan Ice Sports (TSE:ICE) last announced its earnings results on Tuesday, March 24th. The company reported C$0.17 EPS for the quarter. Canlan Ice Sports had a return on equity of 8.91% and a net margin of 3.86%.The business had revenue of C$27.42 million during the quarter.

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.