Home / Market Movers / Westshore Terminals Investment Corporation (WTE:CA) Charges Ahead 4.77% to Lead TSX Composite Industrial Stocks at Noon on September 22

Westshore Terminals Investment Corporation (WTE:CA) Charges Ahead 4.77% to Lead TSX Composite Industrial Stocks at Noon on September 22

Westshore Terminals Investment Corporation (WTE:CA) is one of the best performing stocks in the industrial sector in the S&P/TSX Composite Index at the lunch break on September 22. Shares of WTE:CA have climbed 4.77% about halfway through the session to $24.36 after closing the day prior at $23.25. So far, the stock has traded as high as $24.68 and as low as $23.81 in morning action. Today’s advance has come with about 118,759 shares changing hands, compared to an average 30-day volume of 104,598 for Westshore Terminals Investment Corporation. The price is currently below the 30-day volume weighted average price of $24.3 for WTE:CA.

The share appreciation gives the industrial company a market capitalization of $1.71 billion based upon 73.59 million shares outstanding. It also means that Westshore Termin has a price-to-book ratio of 3.02:1 and a price-to-earnings ratio of 11.8:1.

In the past 52 weeks, shares of WTE:CA have traded as low as $9.84 and as high as $28.33. Technical traders will take note that at $24.36, shares of WTE:CA are trading above their 200-day MA at $16.72 and above their 50-day MA at $20.38. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Westshore Termin?

Westshore Terminals Investment Corp operates a coal storage and loading terminal at Roberts Bank, British Columbia. The company’s 247 employees are led by CEO William W. Stinson from the corporate headquarters at 1067 West Cordova Street.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

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