Oregon community foundation sells $43,823 in Jewett Cameron shares

Published 21/02/2025, 03:14
Oregon community foundation sells $43,823 in Jewett Cameron shares

In a recent transaction, the Oregon Community Foundation, a significant shareholder in Jewett Cameron Trading Co Ltd (NASDAQ:JCTC), sold 9,717 shares of the company’s common stock. The shares were sold at an average price of $4.51 each, amounting to a total transaction value of $43,823. Following this sale, the foundation retains ownership of 958,534 shares in Jewett Cameron. This transaction was signed off by Erica D. Daley, the Chief Financial and Operations Officer, on February 20, 2025.The micro-cap company, currently valued at $16.67 million, maintains a strong liquidity position with a current ratio of 8.73. InvestingPro analysis shows the company holds more cash than debt, though it hasn’t been profitable in the last twelve months. According to InvestingPro’s Fair Value model, the stock appears slightly undervalued at its current trading price of $4.74.

In other recent news, Jewett-Cameron Trading Company Ltd. has expanded its in-store display program for the Lifetime Steel Post® to 334 The Home Depot (NYSE:HD) and Lowe’s Home Improvement stores. This strategic move is aimed at meeting the rising demand for durable fencing solutions. The company emphasizes that these steel posts offer a long-lasting alternative to traditional wood posts, promising ease of installation and reduced labor costs. In addition to this expansion, Jewett-Cameron recently held an earnings conference call, the details of which are available in a transcript on the company’s investor relations website. The conference call, part of their regular shareholder communication, provided insights into the company’s financial performance, although specific figures were not disclosed. Investors are encouraged to review the transcript for a deeper understanding of Jewett-Cameron’s recent business activities.

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