The Western Investment Company of Canada Limited (CVE:WI – Get Free Report) shares shot up 1% during trading on Thursday . The stock traded as high as C$1.05 and last traded at C$1.04. 32,500 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 37,169 shares. The stock had previously closed at C$1.03.
Western Investment Company of Canada Trading Up 1.0%
The firm has a market capitalization of C$166.64 million, a price-to-earnings ratio of 18.57 and a beta of 0.01. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23. The company has a 50 day moving average price of C$1.01 and a two-hundred day moving average price of C$0.93.
Insider Activity
In related news, Director Scott Tannas purchased 50,000 shares of Western Investment Company of Canada stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of C$0.95 per share, for a total transaction of C$47,500.00. Following the transaction, the director directly owned 1,543,002 shares in the company, valued at approximately C$1,465,851.90. This trade represents a 3.35% increase in their ownership of the stock. 11.34% of the stock is currently owned by company insiders.
About Western Investment Company of Canada
The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.
See Also
- Five stocks we like better than Western Investment Company of Canada
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Western Investment Company of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Investment Company of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
