Century Global Commodities (TSE:CNT) Trading 25% Higher – Here’s Why

Century Global Commodities Co. (TSE:CNT)’s stock price was up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 137,258 shares were traded during mid-day trading, an increase of 73% from the average session volume of 79,286 shares. The stock had previously closed at C$0.04.

Century Global Commodities Stock Up 25.0%

The stock has a market cap of C$5.91 million, a price-to-earnings ratio of -5.00 and a beta of -1.21. The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. The company has a quick ratio of 3.85, a current ratio of 2.54 and a debt-to-equity ratio of 0.92.

Century Global Commodities (TSE:CNT) last issued its earnings results on Friday, June 26th. The company reported C($0.01) earnings per share for the quarter. Century Global Commodities had a negative return on equity of 3.82% and a negative net margin of 4.68%.The firm had revenue of C$3.11 million for the quarter.

About Century Global Commodities

Century Global Commodities Corp is a diversified company and primarily engaged in exploration and mining activities with assets in the Provinces of Newfoundland and Labrador, and Quebec, Canada. It also has operations in the distribution of food in China. Its segments include the Mining segment, which engages in the exploration and development of mineral projects in Canada and the investment in global mining securities; the Food segment, which engages in the distribution of food and the provision of food service in Hong Kong and Mainland China; and the Corporate segment, which mainly represents the group’s corporate and managerial functions.