Canlan Ice Sports (TSE:ICE) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Canlan Ice Sports Corp. (TSE:ICE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.87 and traded as high as C$4.04. Canlan Ice Sports shares last traded at C$4.04, with a volume of 300 shares.

Canlan Ice Sports Price Performance

The business has a 50 day moving average price of C$3.93 and a two-hundred day moving average price of C$3.87. The stock has a market cap of C$53.89 million, a PE ratio of -67.33 and a beta of 1.00. The company has a debt-to-equity ratio of 99.54, a quick ratio of 0.56 and a current ratio of 0.91.

Canlan Ice Sports (TSE:ICE) last announced its earnings results on Wednesday, August 14th. The company reported C($0.09) earnings per share for the quarter. Canlan Ice Sports had a negative return on equity of 1.54% and a negative net margin of 0.84%. The business had revenue of C$21.85 million during the quarter.

Canlan Ice Sports Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a $0.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.97%. Canlan Ice Sports’s payout ratio is presently -200.00%.

Canlan Ice Sports Company Profile

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of recreation facilities in North America. It operates through Ice/Field Sales and Internal Programming; Food and Beverage; Sports Stores; Sponsorship; Space Rental; and Management and Consulting segments. It offers rental of ice or field time, organizes leagues, and tournaments, and lessons and youth camps; restaurants and concession outlets; vindoor and exterior space services.