Acasta Enterprises Inc (TSE:AEF) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.64 and traded as high as $0.60. Acasta Enterprises shares last traded at $0.60, with a volume of 18,000 shares traded.

The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 312.48. The firm has a market capitalization of $42.84 million and a P/E ratio of -0.76. The company’s fifty day simple moving average is C$0.64 and its 200 day simple moving average is C$0.71.

About Acasta Enterprises (TSE:AEF)

Acasta Enterprises Inc is a private equity firm specializing in buyouts. It prefer to invest in founder-led businesses, carve-outs of non-core assets, industry consolidation, and growth-oriented businesses. The firm prefers to invest in private label consumer staples and aviation finance and asset management companies.

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