Insider Buying: StorageVault Canada Inc. (CVE:SVI) Insider Buys 23,000 Shares of Stock

StorageVault Canada Inc. (CVE:SVI) insider StorageVault Canada Inc. purchased 23,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of C$4.11 per share, with a total value of C$94,500.10.

StorageVault Canada Stock Performance

Shares of SVI stock remained flat at C$6.42 during mid-day trading on Tuesday. The stock had a trading volume of 168,227 shares, compared to its average volume of 147,135. StorageVault Canada Inc. has a 52-week low of C$3.68 and a 52-week high of C$7.39. The company has a 50-day moving average of C$6.42 and a 200-day moving average of C$6.42. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04. The firm has a market capitalization of C$2.43 billion and a PE ratio of -71.33.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SVI shares. 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. National Bankshares increased their price target on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. TD Securities raised their target price on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Scotiabank cut their target price on StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Finally, Cormark cut their target price on StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5.81.

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.