GMP Capital Inc. (TSE:GMP) shares shot up 9.4% during trading on Monday . The stock traded as high as C$2.36 and last traded at C$2.21. 285,319 shares traded hands during trading, an increase of 204% from the average session volume of 93,991 shares. The stock had previously closed at C$2.02.

The firm has a market cap of $146.90 million and a P/E ratio of -6.99. The company has a debt-to-equity ratio of 13.50, a quick ratio of 0.85 and a current ratio of 1.13.

GMP Capital (TSE:GMP) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.17 EPS for the quarter. The company had revenue of C$67.99 million for the quarter. Equities analysts anticipate that GMP Capital Inc. will post 0.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, June 13th. GMP Capital’s dividend payout ratio (DPR) is presently -15.82%.

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About GMP Capital (TSE:GMP)

GMP Capital Inc, an independent diversified financial services company, provides various financial products and services to corporate clients, institutional investors, and high-net-worth individuals in Canada, the United States, and internationally. It operates in two segments, Capital Markets and Wealth Management.

Further Reading: Cost of Equity For A Business, Investors

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