Canadian General Investments (TSE:CGI) Reaches New 12-Month High – Here’s Why

Canadian General Investments (TSE:CGIGet Free Report) hit a new 52-week high on Monday . The stock traded as high as C$54.29 and last traded at C$53.63, with a volume of 2215 shares traded. The stock had previously closed at C$52.55.

Canadian General Investments Price Performance

The firm has a market capitalization of C$1.08 billion, a P/E ratio of 4.19 and a beta of 1.12. The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89. The firm has a 50 day moving average price of C$51.98 and a 200-day moving average price of C$49.91.

About Canadian General Investments

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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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