Macro Enterprises (CVE:MCR) Reaches New 1-Year Low at $3.07

Shares of Macro Enterprises Inc. (CVE:MCR) hit a new 52-week low on Thursday . The company traded as low as C$3.07 and last traded at C$3.29, with a volume of 29715 shares trading hands. The stock had previously closed at C$3.45.

Separately, Pi Financial boosted their price target on Macro Enterprises from C$5.25 to C$5.50 and gave the stock a “buy” rating in a research report on Friday, November 22nd.

The business has a 50-day simple moving average of C$3.77 and a two-hundred day simple moving average of C$3.87. The company has a market cap of $115.39 million and a price-to-earnings ratio of 3.14. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 47.23.

Macro Enterprises Company Profile (CVE:MCR)

Macro Enterprises Inc, together with its subsidiaries, provides pipeline and facilities construction, and maintenance services to companies in the oil and gas industry in western Canada. It is involved in the construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities, as well as provision of pipeline integrity digs services.

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