Algoma Central (TSE:ALC) Trading Down 0.1%

Algoma Central Co. (TSE:ALC)’s stock price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as C$13.41 and last traded at C$13.48, 300 shares were traded during mid-day trading. A decline of 96% from the average session volume of 7,054 shares. The stock had previously closed at C$13.49.

Separately, Cormark raised their price target on Algoma Central from C$17.00 to C$19.00 in a report on Monday, August 12th.

The firm has a market cap of $515.62 million and a price-to-earnings ratio of 11.36. The firm’s fifty day moving average is C$13.33 and its two-hundred day moving average is C$13.27. The company has a debt-to-equity ratio of 58.90, a current ratio of 0.67 and a quick ratio of 0.57.

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. This is a boost from Algoma Central’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 3.26%. Algoma Central’s dividend payout ratio (DPR) is presently 33.70%.

About Algoma Central (TSE:ALC)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. It operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. The company operates 12 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages seven double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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