Great Canadian’s Stock Values Soar in January
Great Canadian Gaming (GC:CA) has been enjoying great success over the past few months, and January 7 was a particularly positive day for the massive Canadian gaming entity. The company’s stock finished the day having risen by an impressive 5.42% to hit a price of $51.54 per share in local currency.
On this day, the firm – which is a component of the S&P/TSX SmallCap Index – reached a market cap of 3.08 billion, and at the time had 59.7 million shares outstanding. To give one an impression of a typical day in the trading world of Great Canadian, a whopping 453,668 shares changed hands over the course of the 24-hour period. This is compared to an average volume of 235,149 shares per day over the past 30 days for the company, indicating remarkable growth on its part.
About GCGC and its Operations
Great Canadian Gaming (more formally known as the Great Canadian Gaming Corporation, or GCGC) is an entertainment, gambling and hospitality giant that operates in both the Canadian and United States markets. The firm has a diverse range of gaming-related sectors, consisting of dozens of land-based casinos, horse racing tracks, and a number of community and hospitality gambling-based venues as well.
The company current has three primary segments to its business operations; namely, Racetrack, Casino, and Other. Aside from real money games, the firm operates local theaters, hotels, conference centers, and even dining venues across Canada’s province. It also earns the bulk of its revenues on Canadian soil, and is headquartered in Coquitlam, British Columbia. GCGC is currently led by CEO Rod Baker.
Over its last year of trading, Great Canadian has reached a notable high of $55.85 per share and hit a low of $32.23 as well. The 50-day SMA of its stock now stands at $48.19, while its 200-day SMA is pegged at a slightly lower $45.43. When it comes to the company’s price valuations, its P/E ratio has been calculated at 21.3, and its P/B currently stands at 5.34.
About the S&P/TSX SmallCap Index
The S&P/TSX SmallCap Index follows more than 200 small-cap stocks in Canada to assess their cumulative performance over time. Relying on market cap weights in order to predict returns, the index is similar in structure to the Russell 2000, except that it is focussed exclusively on Canadian companies and is significantly smaller in terms of complete membership numbers.
The Index is widely accepted to be the national benchmark for small-capital CA stocks, and indicates the health of local companies as a result. Member firms must have a market cap ranging from $100 million to $1.5 billion in local currency, as well as a steady average share price of at least $1. All data was correct as of 16:30pm ET on Monday, January 7, 2019.