231872 (SCC.TO) (TSE:SCC) Shares Down 22.5% – Here’s What Happened

Shares of 231872 (SCC.TO) (TSE:SCCGet Free Report) (NASDAQ:SRSC) dropped 22.5% on Wednesday . The company traded as low as C$0.56 and last traded at C$0.62. Approximately 251,194 shares traded hands during mid-day trading, an increase of 724% from the average daily volume of 30,480 shares. The stock had previously closed at C$0.80.

231872 (SCC.TO) Stock Down 22.5 %

The company’s 50 day moving average is C$0.62.

231872 (SCC.TO) Company Profile

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Sears Canada Inc (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc (Corbeil) stores and its direct (catalogue/Internet) channel.

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