Chinook Tyee Industry (CVE:XCX) Shares Up 21.6% – Time to Buy?

Chinook Tyee Industry Ltd (CVE:XCX)’s share price rose 21.6% during mid-day trading on Thursday . The company traded as high as C$0.53 and last traded at C$0.45. Approximately 203,469 shares traded hands during mid-day trading, an increase of 356% from the average daily volume of 44,615 shares. The stock had previously closed at C$0.37.

Chinook Tyee Industry Stock Performance

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 20.15. The stock has a market capitalization of C$9.10 million and a price-to-earnings ratio of -2.60. The firm’s fifty day moving average price is C$0.45 and its 200 day moving average price is C$0.45.

Chinook Tyee Industry Company Profile

Chinook Tyee Industry Limited operates as a financial service company in Canada. The company was formerly known as Global Railway Industries Ltd. and changed its name to Chinook Tyee Industry Limited in August 2013. Chinook Tyee Industry Limited is headquartered in Vancouver, Canada.