RediShred Capital (CVE:KUT) Stock Jumps 0.2% – Here’s Why

RediShred Capital Corp. (CVE:KUT)’s stock price shot up 0.2% during trading on Tuesday. The stock traded as high as C$4.96 and last traded at C$4.96. Approximately 990 shares were traded during trading, a decline of 98% from the average daily volume of 40,833 shares. The stock had previously closed at C$4.95.

RediShred Capital Price Performance

The business has a 50-day simple moving average of C$4.96 and a two-hundred day simple moving average of C$4.96. The company has a quick ratio of 1.33, a current ratio of 0.45 and a debt-to-equity ratio of 76.26. The stock has a market capitalization of C$91.31 million, a price-to-earnings ratio of 129.73 and a beta of 1.34.

About RediShred Capital

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations. The company also provides shredding and destruction services; offers electronic waste disposal services under the Secure e-Cycle brand name; sells recycled paper and other recyclable by-products, such as metals and plastics; and resells electronics.