Grande West Transportation Group (BUS) Shares Up 9.4%

Grande West Transportation Group Inc (CVE:BUS)’s share price shot up 9.4% during mid-day trading on Monday . The stock traded as high as C$1.22 and last traded at C$1.16. 96,350 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 194,192 shares. The stock had previously closed at C$1.06.

Grande West Transportation Group (CVE:BUS) last posted its quarterly earnings results on Wednesday, August 29th. The company reported C$0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.01. The firm had revenue of C$25.29 million during the quarter, compared to analyst estimates of C$24.81 million. Grande West Transportation Group had a return on equity of 26.94% and a net margin of 4.21%.

Grande West Transportation Group Company Profile (CVE:BUS)

Grande West Transportation Group Inc designs, engineers, manufactures, and sells Vicinity branded mid-size buses for transit authorities and commercial enterprises in North America. It also produces and sells spare parts. The company was founded in 2008 and is headquartered in Aldergrove, Canada.

Further Reading: Preferred Stock

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