Canyon Creek Food (CVE:CYF) Shares Up 180% – Still a Buy?

Canyon Creek Food Company Ltd. (CVE:CYF)’s stock price shot up 180% during mid-day trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.07. 1,123,100 shares changed hands during mid-day trading, an increase of 726% from the average session volume of 135,989 shares. The stock had previously closed at C$0.03.

Canyon Creek Food Trading Up 180.0%

The business has a 50-day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The stock has a market capitalization of C$2.46 million, a P/E ratio of -0.88 and a beta of 0.19.

Canyon Creek Food Company Profile

Canyon Creek Food Company Ltd. operates as a food processing company in Canada and the United States. The company engages in the provision of fresh soups, sauces, gravies, side dishes, and other prepared food products. It offers its products to grocery retailers and various food service establishments, as well as involved in the provision of freight services. The company was founded in 1995 is based in Edmonton, Canada.