Inter Pipeline (TSE:IPL) Shares Up 1.5% – Here’s What Happened

by · The Cerbat Gem

Inter Pipeline Ltd. (TSE:IPL – Get Free Report)’s share price rose 1.5% during mid-day trading on Tuesday . The stock traded as high as C$19.20 and last traded at C$19.12. Approximately 488,974 shares changed hands during trading, a decline of 74% from the average daily volume of 1,875,233 shares. The stock had previously closed at C$18.84.

Inter Pipeline Price Performance

The company has a current ratio of 0.20, a quick ratio of 0.15 and a debt-to-equity ratio of 163.02. The company has a 50 day moving average price of C$19.12. The firm has a market cap of C$8.21 billion and a price-to-earnings ratio of 17.07.

About Inter Pipeline

(Get Free Report)

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids (NGL) processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; NGL Processing; and Bulk Liquid Storage. The Oil Sands Transportation segment transports petroleum products through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity; and related blending and handling services.

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