Jewett-Cameron Shares Jump as Supplier’s Cash Burn Under Scrutiny
Jewett-Cameron Trading shares rose 13 cents to $2.25 Tuesday, valuing the company near $7.9 million as small stocks rallied with the Nasdaq. Quarterly revenue climbed to $10.5 million but net loss widened to $1.25 million as gross margin fell to 15.7%. Inventory dropped sharply while bank debt more than doubled. The company’s credit line expires June 30.
