Spectra Products (CVE:SSA) Shares Up 5% – Here’s Why

Spectra Products Inc. (CVE:SSAGet Free Report) shares shot up 5% during mid-day trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. 60,000 shares changed hands during trading, an increase of 53% from the average session volume of 39,152 shares. The stock had previously closed at C$0.20.

Spectra Products Trading Up 5.0%

The company has a 50 day moving average of C$0.18 and a 200-day moving average of C$0.18. The company has a debt-to-equity ratio of 13.90, a quick ratio of 11.32 and a current ratio of 8.17. The stock has a market cap of C$2.74 million, a price-to-earnings ratio of 15.50 and a beta of -0.07.

Spectra Products Company Profile

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Spectra Inc, through its subsidiary Spectra Products Inc, manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States. It offers brake and wheel-end monitoring equipment as an after-market product. The company also provides Brake Safe, a visual brake stroke indicator system that permits vehicle drivers and maintenance personnel to visually determine the brake adjustment condition of a truck, trailer, or bus equipped with an air activated brake system; and Brake Inspector, an electronic version of Brake Safe, which offers an in-cab display of air brake status and permits diagnosis of various existing and potential brake problems.

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