Western Investment Company of Canada (CVE:WI) Shares Up 3% – Time to Buy?

Shares of The Western Investment Company of Canada Limited (CVE:WI) traded up 3% during trading on Wednesday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 28,220 shares were traded during trading, a decline of 27% from the average session volume of 38,471 shares. The stock had previously closed at C$1.00.

Western Investment Company of Canada Stock Up 3.0%

The company has a debt-to-equity ratio of 58.77, a current ratio of 2.23 and a quick ratio of 0.07. The firm has a market capitalization of C$165.03 million, a P/E ratio of 18.39 and a beta of 0.01. The firm’s fifty day moving average price is C$0.98 and its 200-day moving average price is C$0.89.

Insiders Place Their Bets

In other news, Director Scott Tannas purchased 50,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of C$0.95 per share, with a total value of C$47,500.00. Following the purchase, the director owned 1,543,002 shares in the company, valued at C$1,465,851.90. This trade represents a 3.35% increase in their position. 11.34% of the stock is owned by company insiders.

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.