Shares of Canadian General Investments (TSE:CGI – Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$54.24 and last traded at C$54.24, with a volume of 2261 shares changing hands. The stock had previously closed at C$51.19.
Canadian General Investments Price Performance
The stock has a 50 day moving average of C$51.43 and a two-hundred day moving average of C$49.37. The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42. The firm has a market capitalization of C$1.10 billion, a P/E ratio of 4.24 and a beta of -0.22.
About Canadian General Investments
A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.
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