StorageVault Canada (OTCMKTS:SVAUF) Trading 2.7% Higher – Still a Buy?

StorageVault Canada Inc. (OTCMKTS:SVAUF)’s share price shot up 2.7% during trading on Wednesday . The company traded as high as $3.46 and last traded at $3.46. 4,400 shares were traded during trading, a decline of 82% from the average session volume of 24,150 shares. The stock had previously closed at $3.37.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SVAUF. BMO Capital Markets started coverage on shares of StorageVault Canada in a research note on Wednesday, August 27th. They issued an “outperform” rating for the company. TD Securities restated a “buy” rating on shares of StorageVault Canada in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

StorageVault Canada Stock Up 2.7%

The company’s 50 day moving average is $3.51 and its 200 day moving average is $3.27.

StorageVault Canada Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.0022 per share. This represents a dividend yield of 24.0%. The ex-dividend date was Monday, September 29th.

StorageVault Canada Company Profile

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