Insider Buying: StorageVault Canada (TSE:SVI) Director Acquires C$17,727.48 in Stock

StorageVault Canada Inc. (TSE:SVI) Director Iqbal Khan acquired 4,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average price of C$4.14 per share, for a total transaction of C$17,727.48. Following the completion of the transaction, the director owned 45,115 shares of the company’s stock, valued at C$186,776.10. The trade was a 10.49% increase in their position.

StorageVault Canada Stock Performance

SVI traded up C$0.04 on Monday, reaching C$4.19. The company had a trading volume of 56,082 shares, compared to its average volume of 313,088. StorageVault Canada Inc. has a 52-week low of C$4.09 and a 52-week high of C$5.39. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of -102.20 and a beta of 0.70. The business has a 50 day simple moving average of C$4.56 and a 200 day simple moving average of C$4.52.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. The company had revenue of C$91.09 million during the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada increased their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, StorageVault Canada currently has an average rating of “Buy” and a consensus target price of C$5.86.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.