Western Investment Company of Canada (CVE:WI) Trading Down 1.8% – What’s Next?

The Western Investment Company of Canada Limited (CVE:WI) fell 1.8% during trading on Thursday . The stock traded as low as C$1.09 and last traded at C$1.10. 44,361 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 36,709 shares. The stock had previously closed at C$1.12.

Western Investment Company of Canada Trading Down 1.8%

The firm has a market cap of C$176.25 million, a P/E ratio of 19.64 and a beta of 0.00. The business’s 50-day moving average is C$1.04 and its two-hundred day moving average is C$0.96. The company has a current ratio of 2.23, a quick ratio of 0.07 and a debt-to-equity ratio of 58.77.

Insider Buying and Selling

In other news, Director Scott Tannas sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$0.95, for a total transaction of C$47,500.00. Following the completion of the transaction, the director directly owned 29,638 shares of the company’s stock, valued at approximately C$28,156.10. This represents a 62.78% decrease in their ownership of the stock. 11.34% of the stock is currently owned by insiders.

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.