Tree Island Steel Ltd. (TSL) Director Purchases C$10,045.00 in Stock

Tree Island Steel Ltd. (TSE:TSL) Director Sam Fleiser bought 4,100 shares of Tree Island Steel stock in a transaction dated Friday, November 23rd. The stock was acquired at an average cost of C$2.45 per share, for a total transaction of C$10,045.00.

Shares of TSL traded up C$0.05 on Monday, hitting C$2.40. The company’s stock had a trading volume of 500 shares, compared to its average volume of 11,815. The company has a debt-to-equity ratio of 111.59, a current ratio of 1.46 and a quick ratio of 0.41. Tree Island Steel Ltd. has a fifty-two week low of C$1.98 and a fifty-two week high of C$3.66.

Separately, Raymond James reduced their target price on Tree Island Steel from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a report on Friday, August 3rd.

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Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as bar/straight and cut bars; and wirelines for use in the oil industry.

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