Pizza Pizza Royalty (OTCMKTS:PZRIF) Shares Up 0.3% – Here’s What Happened

Shares of Pizza Pizza Royalty Corp. (OTCMKTS:PZRIF) shot up 0.3% during trading on Wednesday . The company traded as high as $9.13 and last traded at $9.13. 8,208 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 4,374 shares. The stock had previously closed at $9.10.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “hold” rating on shares of Pizza Pizza Royalty in a research note on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Pizza Pizza Royalty presently has an average rating of “Hold”.

Pizza Pizza Royalty Price Performance

The stock has a 50 day moving average of $10.40 and a 200 day moving average of $11.13.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp is a Canadian royalty corporation structured to acquire and hold the royalty rights associated with the Pizza Pizza and Pizza 73 restaurant brands. The company’s primary business activity is to collect royalty payments based on a fixed percentage of system-wide gross sales generated by its franchise network. By owning these royalty interests, Pizza Pizza Royalty Corp provides investors with exposure to a stable and growing cash flow stream derived from pizza retail operations across Canada.

The company’s royalty rights cover over 700 restaurant locations operating under the Pizza Pizza and Pizza 73 banners, with a presence in Ontario, Alberta, and other Canadian provinces.