CIBT Education Group Inc. (TSE:MBA) was down 12.5% during trading on Friday . The stock traded as low as C$0.63 and last traded at C$0.63. Approximately 117,100 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 48,756 shares. The stock had previously closed at C$0.72.
Separately, Fundamental Research reissued a “buy” rating and issued a C$1.63 price objective (up previously from C$1.51) on shares of CIBT Education Group in a report on Tuesday, July 31st.
The company has a debt-to-equity ratio of 78.89, a current ratio of 0.26 and a quick ratio of 0.23.
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CIBT Education Group Inc, through its subsidiaries, operates as an education and student-housing investment company. The company owns and operates a network of business, technical, and language colleges in North America and Asia. It provides business and management programs in healthcare, hotel management, and language training, as well as approximately 150 career, language, and vocational programs.
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