Pizza Pizza Royalty (OTCMKTS:PZRIF) Shares Break Above 50 Day Moving Average – What’s Next?

Pizza Pizza Royalty Corp. (OTCMKTS:PZRIF) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $7.71 and traded as high as $8.49. Pizza Pizza Royalty shares last traded at $8.49, with a volume of 26,200 shares trading hands.

Pizza Pizza Royalty Stock Up 12.7%

The business’s fifty day moving average is $7.71 and its 200-day moving average is $9.73.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp. is a Canadian royalty company that owns the trademarks and trade names associated with the Pizza Pizza and Pizza 73 restaurant brands. The company generates royalty income from the sales of restaurants included in its royalty pool rather than directly operating most of the locations.

Pizza Pizza and Pizza 73 restaurants offer a range of pizza products, including specialty pizzas, customizable pizzas, sides, appetizers, desserts and beverages. The brands serve customers through delivery, takeout and dine-in channels, as well as digital ordering platforms and other convenience-focused services.

The company’s royalty pool is primarily comprised of franchised and corporate restaurants operating across Canada under the Pizza Pizza and Pizza 73 names.