Canadian General Investments (TSE:CGI – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$54.18 and last traded at C$52.99, with a volume of 3036 shares changing hands. The stock had previously closed at C$52.81.
Canadian General Investments Stock Performance
The stock’s 50-day simple moving average is C$50.15 and its 200-day simple moving average is C$48.77. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 4.27 and a beta of 0.99. The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89.
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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