Shares of Torstar Co. (TSE:TS.B) shot up 4.4% on Friday . The company traded as high as C$1.65 and last traded at C$1.65. 16,729 shares changed hands during trading, a decline of 59% from the average session volume of 40,745 shares. The stock had previously closed at C$1.58.
Separately, Royal Bank of Canada dropped their price objective on Torstar from C$3.00 to C$2.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd.
The stock has a market capitalization of $116.45, a P/E ratio of -3.57 and a beta of 0.15.
Torstar Corporation is a Canada-based media company. The Company operates through there segments: Metroland Media Group (MMG), Star Media Group (SMG) and Digital Ventures. MMG publishes The Hamilton Spectator and the Waterloo Region Record daily newspapers and over 100 weekly community newspapers and has a number of specialty publications, directories, consumer shows, distribution operations and digital properties (including homefinder.ca, save.ca, travelalerts.ca, wagjag.com (WagJag) and the regional online sites, such as durhamregion.ca).
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