Pizza Pizza Royalty Corp. (OTCMKTS:PZRIF) experienced a modest increase in its stock price, rising by 0.4% on Friday, March 15, 2024. The stock peaked at $11.97 during the trading session and closed at the same price. In total, 703 shares changed hands, which is a notable decrease of 18% from the average trading volume of 857 shares.
Performance Overview
The stock’s previous closing price stood at $11.92. Over the past fifty days, the stock has maintained a moving average of $11.74, while the 200-day moving average is set at $11.34. This data indicates a relatively stable price trend for the company, suggesting investor confidence may remain steady.
About Pizza Pizza Royalty Corp.
Pizza Pizza Royalty Corp. is a Canadian royalty corporation primarily focused on acquiring and holding the royalty rights associated with the well-known Pizza Pizza and Pizza 73 restaurant brands. The company generates revenue through royalty payments, which are based on a fixed percentage of system-wide gross sales produced by its franchise network.
Through its holdings, Pizza Pizza Royalty provides investors with a reliable income stream derived from the pizza retail sector across Canada. The company’s royalty rights encompass over 700 restaurant locations operating under the Pizza Pizza and Pizza 73 brands, with a significant presence in provinces such as Ontario and Alberta.
As the franchise network continues to expand and adapt to changing consumer preferences, Pizza Pizza Royalty Corp. aims to maintain its position as a key player in the Canadian foodservice industry. Investors may find the company’s business model appealing, given its focus on stable cash flows from a well-established market.
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