Tue Sep 24 04:18:56 UTC 2024: ## Acasta Enterprises Shares Surge 15.3% on Monday

**Toronto, Canada – September 24, 2024** – Acasta Enterprises Inc. (TSE:AEF) experienced a significant surge in share price on Monday, closing the day up 15.3% at C$2.19. The stock reached a high of C$2.24 during trading, with approximately 50,700 shares changing hands, a 19% decrease from the average daily volume.

This positive movement comes as the private equity firm continues to invest in founder-led businesses, carve-outs of non-core assets, and growth-oriented companies, particularly in the private label consumer staples and aviation finance and asset management sectors.

Acasta Enterprises holds a market cap of C$161.68 million and a price-to-earnings ratio of -73.00. The company’s financial ratios include a current ratio of 0.83, a quick ratio of 0.41, and a debt-to-equity ratio of 342.46.

The stock’s fifty-day simple moving average stands at C$2.19.

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