Findev (CVE:FDI) Stock Price Down 3.5% – Here’s Why

Findev Inc. (CVE:FDI) shares fell 3.5% on Friday . The company traded as low as C$0.41 and last traded at C$0.41. 1,000 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 10,062 shares. The stock had previously closed at C$0.43.

Findev Price Performance

The business’s fifty day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.41. The company has a market cap of C$11.75 million, a PE ratio of 5.86 and a beta of 0.69.

Findev (CVE:FDI) last released its quarterly earnings data on Wednesday, August 28th. The company reported C$0.02 earnings per share for the quarter. Findev had a net margin of 57.76% and a return on equity of 8.36%. The company had revenue of C$0.93 million during the quarter.

About Findev

Findev Inc, a real estate finance company, provides real estate financing secured by investment properties and real estate developments in the Greater Toronto Area, Canada. It targets real estate projects that include condominiums, townhouses, purpose-built rentals, low-rise/subdivisions, and retail developments.