Torstar Co. (TSE:TS.B)’s share price rose 7.2% during trading on Wednesday . The stock traded as high as C$1.64 and last traded at C$1.64. Approximately 16,333 shares changed hands during trading, a decline of 62% from the average daily volume of 42,923 shares. The stock had previously closed at C$1.53.
Separately, Royal Bank of Canada dropped their target price on shares of Torstar from C$3.00 to C$2.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 2nd.
The company has a market cap of $115.75, a PE ratio of -3.54 and a beta of 0.15.
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Torstar Corporation is a Canada-based media company with a long history in daily and community newspapers, book publishing and digital businesses. The company publishes more than 110 newspapers and operates a number of digital businesses in Canada through its main operating segments, the Star Media Group and Metroland Media Group.
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