Tree Island Steel Ltd. (TSE:TSL) Senior Officer Remy Gilbert Theophil Stachowiak bought 6,000 shares of Tree Island Steel stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of C$2.19 per share, with a total value of C$13,140.00. Following the purchase, the insider now directly owns 26,500 shares in the company, valued at approximately C$58,035.
TSE:TSL traded down C$0.04 during mid-day trading on Friday, hitting C$2.15. 5,300 shares of the company’s stock traded hands, compared to its average volume of 12,223. The company has a market capitalization of $65.85 million and a P/E ratio of 165.38. Tree Island Steel Ltd. has a 1 year low of C$1.88 and a 1 year high of C$3.50. The company has a current ratio of 1.40, a quick ratio of 0.43 and a debt-to-equity ratio of 189.18.
Separately, Raymond James restated an “outperform” rating and set a C$3.50 target price on shares of Tree Island Steel in a report on Thursday, February 21st.
Tree Island Steel Company Profile
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.
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