Invesque (TSE:IVQ) Trading 16.7% Higher – Here’s What Happened

by · The Cerbat Gem

Invesque Inc. (TSE:IVQ – Get Free Report) shares rose 16.7% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 4,500 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 16,846 shares. The stock had previously closed at C$0.12.

Invesque Price Performance

The stock has a market capitalization of C$6.18 million, a P/E ratio of -0.09 and a beta of 1.40. The company has a debt-to-equity ratio of 471.30, a quick ratio of 0.35 and a current ratio of 0.77. The business has a fifty day simple moving average of C$0.16 and a 200-day simple moving average of C$0.21.

Invesque (TSE:IVQ – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C($0.37) earnings per share (EPS) for the quarter. The company had revenue of C$58.97 million for the quarter. Invesque had a negative return on equity of 36.28% and a negative net margin of 33.48%. Sell-side analysts expect that Invesque Inc. will post 0.63 earnings per share for the current fiscal year.

About Invesque

(Get Free Report)

Invesque Inc operates as a health care real estate company in North America. The company's investment property portfolio includes investments in independent living, assisted living, memory care, skilled nursing, and transitional care properties. It also includes investments in owner occupied seniors housing properties, including the ownership of real estate properties, as well as provides management services.

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