Supremex (TSE:SXP) Shares Up 11.7% – What’s Next?

Supremex Inc. (TSE:SXP)’s share price shot up 11.7% on Thursday . The company traded as high as C$4.01 and last traded at C$4.01. 85,512 shares changed 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 Trading Up 11.4 %

The firm has a market cap of C$99.32 million, a P/E ratio of -5.93, a P/E/G ratio of 0.31 and a beta of 1.32. The company’s 50 day simple moving average is C$3.72 and its 200-day simple moving average is C$3.95. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 5.00%. This is a boost from Supremex’s previous quarterly dividend of $0.04. Supremex’s payout ratio is presently -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.