Tuesday, February 8, 2011

Pure Cycle Corp (PCYO) Hits New 52-Week High at $4.60

Shares of Pure Cycle Corp (PCYO) hit a new 52-week high on Wednesday. The stock traded as high as $4.60 during mid-day trading and last traded at $4.34. The stock previously closed at $4.05.

Pure Cycle Corporation is a water and wastewater service provider that contracts with landowners, land developers, home builders, cities and municipalities to design, construct, operate and maintain water and wastewater systems. The Company’s assets include owning water rights to provide domestic and irrigation water to customers (it owns surface water, groundwater, reclaimed water rights and storage rights); infrastructure (such as wells, diversion structures, pipelines, reservoirs and treatment facilities) required to withdraw, treat, store and deliver domestic water to customers; infrastructure required to collect, treat, store and reuse wastewater, and infrastructure required to treat and deliver reclaimed water for irrigation use by customers. It provides water services to approximately 258 Single Family Equivalent (SFE) water connections and 157 SFE wastewater connections located in south-eastern metropolitan Denver.

Pure Cycle Corp (PCYO) traded up 7.16% during mid-day trading on Wednesday. The stock has a 52 week low of $2.03 and a 52 week high of $4.25. Its 50-day moving average is $3.68 and its 200-day moving average is $3.29. The company has a market cap of $95.7 million and a price-to-earnings ratio of N/A.