Shares of Acasta Enterprises Inc (TSE:AEF – Get Free Report) rose 15.3% during mid-day trading on Monday . The company traded as high as C$2.24 and last traded at C$2.19. Approximately 50,700 shares were traded during trading, a decline of 19% from the average daily volume of 62,495 shares. The stock had previously closed at C$1.90.
Acasta Enterprises Price Performance
The company has a debt-to-equity ratio of 342.46, a current ratio of 0.83 and a quick ratio of 0.41. The company has a market capitalization of C$161.68 million and a price-to-earnings ratio of -73.00. The firm’s 50 day moving average is C$2.19.
About Acasta Enterprises
Acasta Enterprises Inc is a private equity firm specializing in buyouts. It prefer to invest in founder-led businesses, carve-outs of non-core assets, industry consolidation, and growth-oriented businesses. The firm prefers to invest in private label consumer staples and aviation finance and asset management companies.
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