Horizon North Logistics Inc. (HNL) Stock Price Up 5.2%

Shares of Horizon North Logistics Inc. (TSE:HNL) rose 5.2% on Wednesday . The stock traded as high as C$1.41 and last traded at C$1.41. Approximately 172,935 shares changed hands during trading, an increase of 34% from the average daily volume of 129,292 shares. The stock had previously closed at C$1.34.

HNL has been the subject of several recent research reports. Raymond James Financial, Inc. boosted their target price on shares of Horizon North Logistics from C$1.75 to C$2.00 in a research note on Thursday, August 17th. Beacon Securities reiterated a “buy” rating on shares of Horizon North Logistics in a research note on Wednesday, September 13th.

The firm’s market capitalization is $205.40 million. The firm’s 50 day moving average is $1.28 and its 200-day moving average is $1.46.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.63%.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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