Canoe EIT Income Fund (TSE:EIT.UN – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$16.80 and last traded at C$16.77, with a volume of 86097 shares trading hands. The stock had previously closed at C$16.70.
Canoe EIT Income Fund Stock Up 0.7%
The company has a market capitalization of C$3.09 billion, a PE ratio of 5.34 and a beta of -0.14. The firm’s 50 day simple moving average is C$16.03 and its 200-day simple moving average is C$15.60.
About Canoe EIT Income Fund
The investment objectives of the Fund are to maximize monthly distributions relative to risk and maximize Net Asset Value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the Manager may determine in its sole discretion from time to time. The investment objectives set forth above may be achieved through direct acquisitions, investments or, at the election of the Manager, through exchange offers completed by the Fund from time to time.
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