Spectra Products (CVE:SSA) Trading Up 8.3% – Here’s Why

Spectra Products Inc. (CVE:SSA) shares shot up 8.3% during mid-day trading on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.20. 10,000 shares traded hands during trading, a decline of 41% from the average session volume of 16,900 shares. The stock had previously closed at C$0.18.

Spectra Products Stock Up 8.3 %

The company has a market capitalization of C$2.72 million and a PE ratio of 19.50. The company has a current ratio of 8.17, a quick ratio of 11.32 and a debt-to-equity ratio of 13.90. The business has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.21.

Spectra Products Company Profile

Spectra Inc, through its subsidiary Spectra Products Inc, manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States. It offers brake and wheel-end monitoring equipment as an after-market product. The company also provides Brake Safe, a visual brake stroke indicator system that permits vehicle drivers and maintenance personnel to visually determine the brake adjustment condition of a truck, trailer, or bus equipped with an air activated brake system; and Brake Inspector, an electronic version of Brake Safe, which offers an in-cab display of air brake status and permits diagnosis of various existing and potential brake problems.