Omni-Lite Industries Canada (CVE:OML) Share Price Passes Below Fifty Day Moving Average of $0.94

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Omni-Lite Industries Canada Inc. (CVE:OML)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.94 and traded as low as $0.71. Omni-Lite Industries Canada shares last traded at $0.71, with a volume of 2,000 shares changing hands.

The company has a quick ratio of 0.89, a current ratio of 2.86 and a debt-to-equity ratio of 7.89. The firm has a market cap of $8.05 million and a price-to-earnings ratio of -1.59. The business’s fifty day moving average is C$0.93 and its two-hundred day moving average is C$0.96.

Omni-Lite Industries Canada Company Profile (CVE:OML)

Omni-Lite Industries Canada Inc develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. It offers vibration resistant stainless steel fastener components for the aerospace industry; transmission valves, as well as brake, transmission, and engine parts for the automotive industry; inventory control cups for inventory control systems that are used by the retail clothing industry; links and head caps for the military sector; and ceramic track spikes for the sports and recreation industry.

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