Pet Valu (OTCMKTS:PTVLF) Trading Up 4.9% – Here’s Why

Pet Valu Holdings Ltd. (OTCMKTS:PTVLFGet Free Report) was up 4.9% on Thursday . The stock traded as high as $14.42 and last traded at $14.42. Approximately 30,401 shares changed hands during trading, an increase of 87% from the average daily volume of 16,294 shares. The stock had previously closed at $13.75.

Pet Valu Stock Performance

The business has a 50-day simple moving average of $13.38 and a 200-day simple moving average of $15.68.

About Pet Valu

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Pet Valu Inc is a specialty retailer of pet food, supplies and accessories headquartered in Markham, Ontario. The company operates a network of company-owned and franchised stores across Canada and the United States, offering an assortment of branded and private-label products for dogs, cats and small animals. In addition to hard goods such as bedding, toys and grooming supplies, Pet Valu locations often feature on-site grooming salons and self-serve pet wash stations to meet a range of customer needs.

Founded in 1976, Pet Valu established its business model on a franchise partnership structure, enabling local entrepreneurs to operate retail outlets under the Pet Valu banner.

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