Brick Brewing Co. Limited (TSE:BRB) shares shot up 5.6% during mid-day trading on Friday . The stock traded as high as C$3.95 and last traded at C$3.95. 50,632 shares changed hands during trading, a decline of 29% from the average session volume of 71,021 shares. The stock had previously closed at C$3.74.

Several brokerages recently issued reports on BRB. Acumen Capital reduced their target price on Brick Brewing Co. Limited from C$4.50 to C$4.40 in a research report on Monday. Laurentian upped their target price on Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a “buy” rating in a research report on Monday. Finally, Laurentian Bank of Canada upped their target price on Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a “buy” rating in a research report on Monday.

The stock’s 50-day moving average is $3.71 and its 200 day moving average is $3.52. The firm has a market cap of $140.58 million and a P/E ratio of 44.33.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.016 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.06 annualized dividend and a yield of 1.60%.

In other Brick Brewing Co. Limited news, insider Sean Thomas Byrne sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of C$3.84, for a total value of C$115,200.00.

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Brick Brewing Co. Limited Company Profile

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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