GLG Life Tech (TSE:GLG) Shares Pass Below 50-Day Moving Average of $0.21

GLG Life Tech Corp (TSE:GLG) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.21 and traded as low as $0.20. GLG Life Tech shares last traded at $0.20, with a volume of 880 shares changing hands.

The company’s fifty day simple moving average is C$0.21 and its 200-day simple moving average is C$0.25. The firm has a market capitalization of $7.68 million and a PE ratio of -0.33.

GLG Life Tech (TSE:GLG) last issued its earnings results on Thursday, June 25th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$2.57 million for the quarter. As a group, research analysts predict that GLG Life Tech Corp will post -0.32 earnings per share for the current year.

About GLG Life Tech (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.

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