Shares of The Western Investment Company of Canada Limited (CVE:WI – Get Free Report) were up 1.9% on Thursday . The stock traded as high as C$1.08 and last traded at C$1.08. Approximately 13,375 shares traded hands during trading, a decline of 63% from the average daily volume of 36,310 shares. The stock had previously closed at C$1.06.
Western Investment Company of Canada Stock Performance
The firm has a market cap of C$178.76 million, a price-to-earnings ratio of 20.19 and a beta of -0.01. The stock has a 50-day moving average of C$1.07 and a 200-day moving average of C$0.99. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23.
Insiders Place Their Bets
In other Western Investment Company of Canada news, Director Scott Tannas purchased 50,000 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of C$0.95 per share, for a total transaction of C$47,500.00. Following the purchase, the director owned 1,543,002 shares of the company’s stock, valued at approximately C$1,465,851.90. This represents a 3.35% increase in their ownership of the stock. Company insiders own 11.34% of the company’s stock.
Western Investment Company of Canada Company Profile
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.
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