Insider Buying: StorageVault Canada Inc. (TSE:SVI) Insider Buys C$197,440.00 in Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. acquired 50,000 shares of StorageVault Canada stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of C$3.95 per share, for a total transaction of C$197,440.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. acquired 3,100 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.05 per share, for a total transaction of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$3.71 on Friday. StorageVault Canada Inc. has a 1 year low of C$3.55 and a 1 year high of C$5.48. The company has a market capitalization of C$1.36 billion, a P/E ratio of -27.00 and a beta of 0.89. The company’s fifty day moving average is C$3.89 and its two-hundred day moving average is C$4.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SVI shares. Raymond James cut their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Scotiabank cut their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Finally, Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$5.62.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.