Western Investment Company of Canada (CVE:WI) Trading Up 1% – Still a Buy?

Shares of The Western Investment Company of Canada Limited (CVE:WI) rose 1% during trading on Thursday . The stock traded as high as C$1.05 and last traded at C$1.04. Approximately 32,500 shares traded hands during trading, a decline of 13% from the average session volume of 37,169 shares. The stock had previously closed at C$1.03.

Western Investment Company of Canada Stock Performance

The business’s fifty day moving average price is C$1.01 and its two-hundred day moving average price is C$0.93. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23. The stock has a market capitalization of C$165.03 million, a P/E ratio of 18.39 and a beta of 0.01.

Insider Activity at Western Investment Company of Canada

In related news, Director Scott Tannas sold 50,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$0.95, for a total transaction of C$47,500.00. Following the transaction, the director directly owned 29,638 shares in the company, valued at approximately C$28,156.10. This represents a 62.78% decrease in their position. Corporate insiders own 11.34% of the company’s stock.

About Western Investment Company of Canada

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.