Canadian Life Companies Split (TSE:LFE) Trading Down 2.8% – Here’s What Happened

Canadian Life Companies Split Corp. (TSE:LFE) fell 2.8% during mid-day trading on Monday . The company traded as low as C$5.49 and last traded at C$5.49. 78,198 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 72,818 shares. The stock had previously closed at C$5.65.

Canadian Life Companies Split Stock Down 2.8 %

The stock has a market cap of C$56.22 million, a PE ratio of 4.16 and a beta of 2.91. The business has a 50 day moving average of C$6.84 and a 200-day moving average of C$5.88. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26.

Canadian Life Companies Split Company Profile

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.