Technically speaking...Nice up so far today. The old resistence line was 16.00ish to 16.49 (December high). Yesterday we tested that breakthrough with an exact close on 16.49. A significant jump off that on good volume should put us on course for 19.25ish.
Golden Cross of 50/200 MA will encourage this movement. Technical traders should like what they see now that High Liner has gotten its fundamentals back on track.
It is amazing that the foreign exchange drag between Q1 2015 and Q1 2016 was -$5 million. All this because they report in $USD not $CAD. They should either switch back to CAD$ or explore a listing on the NYSE. This middle road funk is an unnecessary downer. Any other TSX company making about 0.70 cents ($CAD) EPS and upping their dividend would be trading in the 30.00s. With them knocking down their debt so quickly, they should be in position to do some M&A by year's end.