Brick Brewing Co. Limited (BRB) Shares Up 5.6%

Brick Brewing Co. Limited (TSE:BRB) shot up 5.6% on Friday . The stock traded as high as C$3.95 and last traded at C$3.95. 50,632 shares were traded during mid-day trading, a decline of 29% from the average session volume of 71,021 shares. The stock had previously closed at C$3.74.

Several brokerages have weighed in on BRB. Acumen Capital restated a “buy” rating and issued a C$4.50 target price on shares of Brick Brewing Co. Limited in a research note on Wednesday, June 7th. Laurentian raised their target price on shares of Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, Laurentian Bank of Canada raised their target price on shares of Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a “buy” rating in a research note on Monday, September 11th.

The stock has a 50-day moving average price of $3.71 and a 200-day moving average price of $3.53. The company has a market capitalization of $140.58 million and a price-to-earnings ratio of 44.33.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, October 6th.

In other news, insider Sean Thomas Byrne sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of C$3.84, for a total value of C$115,200.00.

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About Brick Brewing Co. Limited

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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