Canadian General Investments (TSE:CGI – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$54.50 and last traded at C$54.50, with a volume of 436 shares changing hands. The stock had previously closed at C$53.75.
Canadian General Investments Trading Down 0.7%
The company has a market cap of C$1.11 billion, a P/E ratio of 3.00 and a beta of 1.10. The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40. The business has a 50-day moving average price of C$52.10 and a two-hundred day moving average price of C$50.90.
Insider Activity at Canadian General Investments
In other Canadian General Investments news, Director Clive William Robinson purchased 750 shares of the stock in a transaction dated Friday, July 17th. The stock was bought at an average price of C$51.25 per share, for a total transaction of C$38,437.50. Following the transaction, the director directly owned 7,500 shares in the company, valued at C$384,375. This represents a 11.11% increase in their ownership of the stock. 16.00% of the stock is currently owned by corporate insiders.
Canadian General Investments Company Profile
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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