Shares of Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$8.87 and traded as high as C$8.98. Canadian Life Companies Split shares last traded at C$8.97, with a volume of 30,073 shares trading hands.
Canadian Life Companies Split Stock Performance
The stock’s fifty day moving average is C$8.87 and its two-hundred day moving average is C$8.19. The firm has a market capitalization of C$195.12 million, a price-to-earnings ratio of 2.45 and a beta of 3.04. The company has a debt-to-equity ratio of 124.90, a quick ratio of 1.32 and a current ratio of 1.81.
About Canadian Life Companies Split
The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.
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