Insider Buying: Canadian General Investments (TSE:CGI) Director Buys 750 Shares of Stock

Canadian General Investments (TSE:CGI – Get Free Report) Director Clive William Robinson bought 750 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were bought at an average price of C$51.25 per share, with a total value of C$38,437.50. Following the completion of the purchase, the director owned 7,500 shares in the company, valued at approximately C$384,375. The trade was a 11.11% increase in their position.

Canadian General Investments Stock Performance

CGI stock traded down C$0.25 during midday trading on Monday, reaching C$50.95. 3,504 shares of the company’s stock traded hands, compared to its average volume of 3,892. The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89. Canadian General Investments has a 52-week low of C$39.51 and a 52-week high of C$54.29. The stock has a market cap of C$1.06 billion, a P/E ratio of 4.10 and a beta of 1.12. The stock’s 50-day moving average is C$52.12 and its 200 day moving average is C$50.19.

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Canadian General Investments Company Profile

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A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.

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