Urbana (TSE:URB) Shares Down 1.1% – Here’s What Happened

Urbana Co. (TSE:URB) dropped 1.1% during mid-day trading on Friday . The stock traded as low as C$9.00 and last traded at C$9.00. Approximately 902 shares changed hands during trading, a decline of 79% from the average daily volume of 4,199 shares. The stock had previously closed at C$9.10.

Urbana Price Performance

The firm’s 50-day simple moving average is C$9.50 and its 200 day simple moving average is C$8.32. The firm has a market capitalization of C$372.56 million, a price-to-earnings ratio of 3.90 and a beta of 0.33.

Urbana (TSE:URB) last issued its earnings results on Wednesday, November 12th. The company reported C$0.96 earnings per share for the quarter. Urbana had a net margin of 205.53% and a return on equity of 16.84%.

Urbana Company Profile

The Corporations objectives are to seek out and invest in private investment opportunities for capital appreciation and to invest in publicly traded securities to provide growth, income and liquidity. For the foreseeable future, the strategy of Urbana is to continue to search for and acquire investments for income and capital appreciation within the financial services industry.