Tree Island Steel Ltd. (TSE:TSL) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as C$3.34 and last traded at C$3.24. 13,300 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 22,040 shares. The stock had previously closed at C$3.09.

The company has a market cap of $95.30 million and a PE ratio of 21.53. The stock’s 50 day moving average price is $3.26 and its 200-day moving average price is $4.01.

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About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories.

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