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Canyon Creek Food shares surged 166.7% on Tuesday with no official explanation.
Canyon Creek Food (CVE:CYF) shares jumped 166.7% on Tuesday, reaching a high of C$0.04 and closing at that level, up from C$0.02 the prior day, with trading volume rising 74% above average.
The Edmonton-based food processor, founded in 1995, produces soups, sauces, and prepared foods for retailers and food service providers, also offering freight services.
The company has a market cap of C$1.41 million, a negative P/E ratio of -0.50, and a low beta of 0.19.
Despite the sharp rise and increased activity, no specific corporate event or fundamental reason for the surge was provided in the report.
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Las acciones de Canyon Creek Food subieron 166.7% el martes sin ninguna explicación oficial.