Shares of GLG Life Tech Corp (TSE:GLG) shot up 14.3% during trading on Friday . The company traded as high as C$0.16 and last traded at C$0.16, 4,000 shares were traded during mid-day trading. A decline of 58% from the average session volume of 9,532 shares. The stock had previously closed at C$0.14.
The stock has a market capitalization of $5.65 million and a P/E ratio of -0.28. The company has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.29.
GLG Life Tech Company Profile (TSE:GLG)
GLG Life Tech Corporation manufactures and sells refined forms of stevia and monk fruit extracts under the ClearTaste brand name in China and North America. It also offers P-Pro Plus, a pea protein powder; and sources and sells natural and functional food ingredients, such as pea protein, rice bran, rice protein, erythritol, inositol, inulin, and lycopene for food and beverage companies, as well as for cosmetic industry under the Naturals+ name.
Further Reading: Net Margin – Understanding the Different Kinds of Profit
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