What Happened to Capilano Honey Share Price?
Shares in Capilano Honey [ASX:CZZ] rose over 3.9% today. They are now trading at $9.56.
Why Did This Happen to Capilano Shares?
Capilano reported yesterday that its profit and revenue growth both increased on the comparative period last year. It’s also paying down its debt.
What Now for Capilano Honey?
I asked our Small Cap Analyst, Tim Dohrmann, for his take. He told me,
‘Capilano is roaring to new all-time highs. Its business continues to improve, the company is smartly using cash flow to pay down interest bearing debt, and the recent rains bode well for stronger honey production volumes.
‘It’s pleasing to see export sales to the Middle East and Asia growing. There’s plenty of scope for this growth story to continue to play out profitably in the coming months and years.’
If you’re interested in further analysis on the profit opportunities in small companies like Capilano, click here for more.
Editor, Markets and Money