Supremex (TSE:SXP) Trading 11.7% Higher – Here’s Why

Supremex Inc. (TSE:SXP)’s share price shot up 11.7% during mid-day trading on Thursday . The company traded as high as C$4.01 and last traded at C$4.01. 85,512 shares traded hands during mid-day trading, an increase of 223% from the average session volume of 26,445 shares. The stock had previously closed at C$3.59.

Supremex Stock Down 1.5 %

The stock has a 50-day moving average of C$3.72 and a 200-day moving average of C$3.95. The company has a market cap of C$100.56 million, a PE ratio of -6.00, a P/E/G ratio of 0.31 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 2.20 and a debt-to-equity ratio of 86.35.

Supremex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 4.94%. This is a positive change from Supremex’s previous quarterly dividend of $0.04. Supremex’s dividend payout ratio is currently -23.70%.

About Supremex

Supremex Inc is engaged in manufacturer and marketer of a broad range of custom envelopes and packaging products. The company operates in two business segments that are Manufacturing and Sale of Envelopes, and the manufacturing and sale of paper-based packaging solutions and specialty products. The majority of the revenue is generated from the Envelope segment.