Hamilton Thorne (CVE:HTL) Shares Up 4.3% – Here’s Why

Shares of Hamilton Thorne Ltd. (CVE:HTL) shot up 4.3% during mid-day trading on Wednesday . The company traded as high as C$1.45 and last traded at C$1.45. 25,700 shares were traded during mid-day trading, a decline of 27% from the average session volume of 35,118 shares. The stock had previously closed at C$1.39.

Hamilton Thorne Trading Up 4.3 %

The business’s 50-day simple moving average is C$1.45 and its 200-day simple moving average is C$1.45. The company has a market cap of C$212.89 million, a PE ratio of 48.33 and a beta of 0.54. The company has a current ratio of 2.63, a quick ratio of 2.25 and a debt-to-equity ratio of 33.94.

Insider Buying and Selling

In other news, insider AWM Investment Company, Inc. purchased 783,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average price of C$1.56 per share, with a total value of C$1,221,010.20. 29.41% of the stock is owned by corporate insiders.

Hamilton Thorne Company Profile

Hamilton Thorne Ltd. develops, manufactures, and sells precision instruments, consumables, software, and services for the assisted reproductive technologies (ART), research, and cell biology markets. It offers precision laser systems, imaging systems, and other equipment and consumables for the ART and developmental biology research markets.