TSL.TO
Tree Island Steel Ltd.
TorontoCADEQUITY
Basic Materials
DELAYED
Last price
2.26
▼ 0.02 (0.88%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
2.25
Prev close
2.28
Day high
2.26
Day low
2.25
Volume
4.95K
Market cap
$58.41M
P/E (TTM)
—
52W range
0.01 – 3.11
Day trading desk
Gap from prior close
-1.32%
Prior close 2.28
VWAP
2.26
+0.19% from price
Relative volume
2.18×
Unusually busy
Session range
0.44%
2.25 – 2.26
Position in range
100%
Near session high
ATR (14D)
0.08
3.73% of price
Prior day high
2.29
PDH
Prior day low
2.28
PDL
Bid / ask spread
—
Quote not published
Session volume
8.75K
Avg 4.02K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.83%
-2.5%
1M
+6.10%
+2.4%
3M
-5.83%
-8.9%
6M
-16.30%
-27.4%
YTD
-23.39%
-35.7%
1Y
-9.60%
-29.6%
3Y
-25.66%
-99.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TSL.TO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
16.52M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 31, 26 | Tree Island Steel Ltd Issuer |
— | 20.64K | — | Direct |
| Jul 29, 26 | Tree Island Steel Ltd Issuer |
BUY | 400 | $653 | Direct |
| Jul 29, 26 | Tree Island Steel Ltd Issuer |
BUY | 909 | $1.49K | Direct |
| Jul 28, 26 | Tree Island Steel Ltd Issuer |
BUY | 400 | $622 | Direct |
| Jul 28, 26 | Tree Island Steel Ltd Issuer |
BUY | 300 | $467 | Direct |
| Jul 27, 26 | Tree Island Steel Ltd Issuer |
BUY | 1.90K | $2.92K | Direct |
| Jul 27, 26 | Tree Island Steel Ltd Issuer |
BUY | 200 | $307 | Direct |
| Jul 27, 26 | Tree Island Steel Ltd Issuer |
BUY | 77 | $118 | Direct |
| Jul 24, 26 | Tree Island Steel Ltd Issuer |
BUY | 100 | $154 | Direct |
| Jul 24, 26 | Tree Island Steel Ltd Issuer |
BUY | 200 | $300 | Direct |
| Jul 24, 26 | Tree Island Steel Ltd Issuer |
BUY | 200 | $305 | Direct |
| Jul 24, 26 | Tree Island Steel Ltd Issuer |
BUY | 800 | $1.22K | Direct |
| Jul 23, 26 | Tree Island Steel Ltd Issuer |
BUY | 1.00K | $1.49K | Direct |
| Jul 23, 26 | Tree Island Steel Ltd Issuer |
BUY | 100 | $146 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Doman (Amardeip Singh) |
10% Security Holder of Issuer | — | Acquisition or disposition in the public market |
Tree Island Steel Ltd |
Issuer | 0 | Redemption, retraction, cancelation, repurchase |
Fundamentals
Market cap$58.41M
Enterprise value$88.30M
Revenue (TTM)$164.63M
Gross profit$13.16M
EBITDA$-1.01M
Net income$-6.88M
EPS (TTM)$-0.26
Free cash flow$2.29M
Total cash$872.00K
Total debt$30.76M
Book value / share$4.15
Shares outstanding25.85M
Float9.24M
Short % of float—
Dividend yield2.30%
Beta (5Y)0.42
Valuation & profitability ratios
Trailing P/E—
Forward P/E9.83
PEG ratio—
Price / sales—
Price / book0.54
EV / revenue0.54
EV / EBITDA-87.17
Gross margin7.99%
Operating margin1.43%
Profit margin-4.18%
Return on equity-6.13%
Return on assets-1.36%
Debt / equity28.61
Current ratio2.95
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $170.83M | $221.11M | $254.57M | $359.56M | -22.7% |
| Operating revenue | $170.83M | $221.11M | $254.57M | $359.56M | -22.7% |
| Cost of revenue | $161.38M | $209.33M | $224.28M | $294.23M | -22.9% |
| Gross profit | $9.45M | $11.79M | $30.29M | $65.33M | -19.8% |
| Selling, general & admin | $12.14M | $13.47M | $13.59M | $14.85M | -9.9% |
| Total operating expense | $12.14M | $13.47M | $13.59M | $14.85M | -9.9% |
| Operating income | -$2.69M | -$1.69M | $16.70M | $50.48M | -59.4% |
| Net interest income | -$2.17M | -$1.87M | -$1.05M | -$2.40M | -16.3% |
| Pre-tax income | -$6.44M | -$3.13M | $11.51M | $44.21M | -106.2% |
| Tax provision | -$1.11M | $973.00K | $3.96M | $11.11M | -214.6% |
| Net income | -$5.33M | -$4.10M | $7.55M | $33.11M | -30.0% |
| Net income to common | -$5.33M | -$4.10M | $7.55M | $33.11M | -30.0% |
| Basic EPS | -0.21 | -0.15 | 0.27 | 1.17 | -40.0% |
| Diluted EPS | -0.21 | -0.15 | 0.27 | 1.17 | -40.0% |
| EBIT | -$4.17M | -$851.00K | $13.28M | $46.59M | -389.4% |
| EBITDA | $1.35M | $4.62M | $18.30M | $52.09M | -70.7% |
| Basic shares | 25.37M | 26.07M | 27.80M | 28.40M | -2.7% |
| Diluted shares | 25.37M | 26.07M | 27.80M | 28.40M | -2.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.43M | $8.70M | $20.34M | $14.98M | — | -83.6% |
| Cash & short-term investments | $1.43M | $8.70M | $20.34M | $14.98M | — | -83.6% |
| Accounts receivable | $17.39M | $26.37M | $23.75M | $30.45M | — | -34.1% |
| Inventory | $53.73M | $51.95M | $52.07M | $57.53M | — | +3.4% |
| Total current assets | $80.65M | $98.89M | $103.03M | $109.32M | — | -18.4% |
| Property, plant & equipment | $63.56M | $67.30M | $66.64M | $65.70M | — | -5.6% |
| Total assets | $154.88M | $168.82M | $172.48M | $176.33M | — | -8.3% |
| Total current liabilities | $18.44M | $21.02M | $16.66M | $20.67M | — | -12.3% |
| Current debt | $982.00K | — | — | — | — | — |
| Long-term debt | — | — | — | — | $10.36M | — |
| Total debt | $25.57M | $26.95M | $23.80M | $25.91M | — | -5.1% |
| Total liabilities | $46.51M | $52.26M | $45.10M | $48.23M | — | -11.0% |
| Retained earnings | -$106.77M | -$99.89M | -$90.51M | -$94.13M | — | -6.9% |
| Shareholder equity | $108.37M | $116.56M | $127.38M | $128.10M | — | -7.0% |
| Working capital | $62.21M | $77.88M | $86.37M | $88.64M | — | -20.1% |
| Net tangible assets | $108.37M | $116.56M | $127.38M | $128.10M | — | -7.0% |
| Shares issued | 25.90M | 26.02M | 27.13M | 28.29M | — | -0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$5.33M | -$4.10M | $7.55M | $33.11M | -30.0% |
| Depreciation & amortisation | $5.52M | $5.47M | $5.02M | $5.50M | +0.8% |
| Change in working capital | -$927.00K | -$7.06M | $8.71M | -$1.15M | +86.9% |
| Operating cash flow | -$90.00K | -$1.43M | $23.73M | $43.24M | +93.7% |
| Capital expenditure | -$1.89M | -$1.81M | -$5.53M | -$1.46M | -4.2% |
| Investing cash flow | -$1.73M | -$1.39M | -$4.77M | -$1.32M | -24.1% |
| Share buybacks | -$290.00K | -$3.45M | -$3.65M | -$534.00K | +91.6% |
| Dividends paid | -$1.95M | -$3.19M | -$5.04M | -$40.09M | +39.0% |
| Financing cash flow | -$4.88M | -$10.15M | -$13.32M | -$60.25M | +51.9% |
| Free cash flow | -$1.98M | -$3.24M | $18.20M | $41.79M | +38.9% |
| End cash position | $1.43M | $8.70M | $20.34M | $14.98M | -83.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $43.05M | $34.31M | $38.72M | $44.49M | $53.30M | +25.5% |
| Operating revenue | $43.05M | $34.31M | $38.72M | $44.49M | $53.30M | +25.5% |
| Cost of revenue | $40.57M | $34.47M | $36.91M | $40.62M | $49.36M | +17.7% |
| Gross profit | $2.47M | -$160.00K | $1.81M | $3.87M | $3.94M | +1,646.2% |
| Selling, general & admin | $2.74M | $2.79M | $2.92M | $3.14M | $3.29M | -1.7% |
| Total operating expense | $2.74M | $2.79M | $2.92M | $3.14M | $3.29M | -1.7% |
| Operating income | -$270.00K | -$2.95M | -$1.10M | $729.00K | $646.00K | +90.9% |
| Net interest income | -$422.00K | -$596.00K | -$576.00K | -$515.00K | -$486.00K | +29.2% |
| Pre-tax income | -$1.17M | -$4.36M | -$2.14M | $85.00K | -$10.00K | +73.1% |
| Tax provision | $0 | -$1.11M | $0 | $0 | $0 | +100.0% |
| Net income | -$1.17M | -$3.25M | -$2.14M | $85.00K | -$10.00K | +63.9% |
| Net income to common | -$1.17M | -$3.25M | -$2.14M | $85.00K | -$10.00K | +63.9% |
| Basic EPS | -0.05 | -0.13 | -0.08 | 0.00 | 0.00 | +61.5% |
| Diluted EPS | -0.05 | -0.13 | -0.08 | 0.00 | 0.00 | +61.5% |
| EBIT | -$766.00K | -$3.71M | -$1.54M | $606.00K | $489.00K | +79.3% |
| EBITDA | $596.00K | -$2.31M | -$173.00K | $1.98M | $1.88M | +125.7% |
| Basic shares | 25.90M | 25.58M | 25.94M | 25.99M | 26.02M | +1.2% |
| Diluted shares | 25.90M | 25.58M | 25.94M | 25.99M | 26.02M | +1.2% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.55M | $1.43M | $2.81M | $3.19M | $4.05M | +8.7% |
| Cash & short-term investments | $1.55M | $1.43M | $2.81M | $3.19M | $4.05M | +8.7% |
| Accounts receivable | $26.34M | $17.39M | $23.39M | $24.77M | $27.57M | +51.5% |
| Inventory | $51.97M | $53.73M | $56.53M | $53.81M | $51.74M | -3.3% |
| Total current assets | $89.12M | $80.65M | $90.09M | $90.76M | $92.23M | +10.5% |
| Property, plant & equipment | $62.89M | $63.56M | $64.08M | $64.64M | $66.32M | -1.1% |
| Total assets | $162.55M | $154.88M | $165.20M | $165.28M | $167.67M | +5.0% |
| Total current liabilities | $27.00M | $18.44M | $21.06M | $18.64M | $18.18M | +46.4% |
| Current debt | $2.92M | $982.00K | $5.64M | $659.00K | — | +197.6% |
| Total debt | $27.54M | $25.57M | $30.92M | $25.83M | $26.77M | +7.7% |
| Total liabilities | $55.11M | $46.51M | $50.56M | $48.40M | $49.23M | +18.5% |
| Retained earnings | -$107.94M | -$106.77M | -$100.83M | -$98.27M | -$97.97M | -1.1% |
| Shareholder equity | $107.44M | $108.37M | $114.64M | $116.88M | $118.43M | -0.9% |
| Working capital | $62.12M | $62.21M | $69.03M | $72.12M | $74.06M | -0.1% |
| Net tangible assets | $107.44M | $108.37M | $114.64M | $116.88M | $118.43M | -0.9% |
| Shares issued | 25.88M | 25.90M | 25.92M | 25.96M | 26.01M | -0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.17M | -$3.25M | -$2.14M | $85.00K | -$10.00K | +63.9% |
| Depreciation & amortisation | $1.36M | $1.39M | $1.37M | $1.37M | $1.39M | -2.0% |
| Change in working capital | -$1.58M | $5.48M | -$2.53M | $415.00K | -$4.29M | -128.8% |
| Operating cash flow | -$582.00K | $4.79M | -$3.64M | $1.34M | -$2.57M | -112.2% |
| Capital expenditure | -$94.00K | -$171.00K | -$473.00K | -$806.00K | -$442.00K | +45.0% |
| Investing cash flow | -$92.00K | -$88.00K | -$430.00K | -$791.00K | -$420.00K | -4.5% |
| Share buybacks | -$78.00K | -$31.00K | -$106.00K | -$133.00K | -$20.00K | -151.6% |
| Dividends paid | -$389.00K | -$389.00K | -$389.00K | -$390.00K | -$781.00K | 0.0% |
| Financing cash flow | $742.00K | -$6.07M | $3.59M | -$762.00K | -$1.64M | +112.2% |
| Free cash flow | -$676.00K | $4.62M | -$4.11M | $530.00K | -$3.02M | -114.6% |
| End cash position | $1.55M | $1.43M | $2.81M | $3.19M | $4.05M | +8.7% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Sep 2019 | 0.06 | -0.01 | -116.7% |
| Jun 2019 | 0.05 | -0.02 | -140.0% |
| Mar 2019 | 0.07 | -0.04 | -157.1% |
| Dec 2018 | 0.04 | -0.08 | -300.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders63.90%
Held by institutions0.63%
Institutions holding4
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.27
-0.57% from price
SMA 20
2.25
+0.67% from price
SMA 50
2.26
-0.16% from price
SMA 100
2.37
-4.63% from price
SMA 200
2.55
-11.29% from price
EMA 12
2.27
-0.28% from price
EMA 26
2.26
+0.17% from price
EMA 50
2.28
-0.90% from price
RSI (14)
50.3
Neutral
MACD (12,26,9)
0.01
Hist 0.01
ATR (14)
0.08
3.73% of price
Realised vol 30D
47.6%
Annualised
Bollinger upper
2.37
20, 2σ
Bollinger lower
2.12
20, 2σ
50 / 200 cross
Death
2.26 vs 2.55
Trend bias
Below 200
-11.29%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.18
Less volatile than market
Correlation to SPY
0.07
Largely independent
Realised vol 30D
47.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-32.5%
Peak to trough
Max drawdown 5Y
-70.3%
Peak to trough
ATR 14
0.08
3.73% of price
Beta (reported)
0.42
5Y monthly, from filing
Short interest
Shares short
26.17K
Prior 28.05K
Change vs prior
-6.7%
Shorts covering
% of float
—
—
% of shares out
0.09%
Against total outstanding
Days to cover
4.0
Liquid
Float
9.24M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate$0.06 / yr
Forward yield2.30%
5-year avg yield3.27%
Payout ratio240.00%
Ex-dividend dateDec 31, 2025
Next pay dateJan 15, 2026
Last split1:2
Split dateMay 16, 2014
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.