StorageVault Canada Inc. Purchases 25,000 Shares of StorageVault Canada Inc. (CVE:SVI) Stock

StorageVault Canada Inc. (CVE:SVI) insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of C$3.92 per share, for a total transaction of C$97,930.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. acquired 3,100 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$4.05 per share, with a total value of C$12,547.56.
• On Thursday, October 31st, StorageVault Canada Inc. bought 23,000 shares of StorageVault Canada stock. The shares were acquired at an average cost of C$4.11 per share, for a total transaction of C$94,500.10.

StorageVault Canada Stock Performance

CVE:SVI opened at C$6.42 on Thursday. StorageVault Canada Inc. has a twelve month low of C$3.68 and a twelve month high of C$7.39. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. The stock’s 50-day simple moving average is C$6.42 and its 200 day simple moving average is C$6.42. The firm has a market capitalization of C$2.43 billion and a PE ratio of -71.33.

Wall Street Analysts Forecast Growth

SVI has been the subject of several recent research reports. Raymond James cut their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a research note on Thursday, October 24th. TD Securities increased their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Scotiabank decreased their price target on StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. National Bankshares upped their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Finally, CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.72.

About StorageVault Canada

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.