Canlan Ice Sports (TSE:ICE) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Canlan Ice Sports Corp. (TSE:ICE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.88 and traded as high as C$3.96. Canlan Ice Sports shares last traded at C$3.96, with a volume of 500 shares changing hands.

Canlan Ice Sports Stock Performance

The business has a 50 day moving average price of C$3.89 and a two-hundred day moving average price of C$3.87. The stock has a market cap of C$50.03 million, a P/E ratio of -62.50 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 0.91 and a debt-to-equity ratio of 99.54.

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

Canlan Ice Sports Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 3.20%. Canlan Ice Sports’s dividend payout ratio is currently -200.00%.

About Canlan Ice Sports

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.