Canadian General Investments (TSE:CGI) Hits New 52-Week High – Still a Buy?

Canadian General Investments (TSE:CGI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$54.50 and last traded at C$54.50, with a volume of 436 shares traded. The stock had previously closed at C$53.75.

Canadian General Investments Trading Down 0.7%

The company has a current ratio of 9.07, a quick ratio of 7.44 and a debt-to-equity ratio of 12.40. The company has a 50 day moving average of C$52.10 and a 200 day moving average of C$50.90. The firm has a market cap of C$1.11 billion, a price-to-earnings ratio of 3.00 and a beta of 1.10.

Insider Buying and Selling

In other news, Director Clive William Robinson purchased 750 shares of Canadian General Investments stock in a transaction on Friday, July 17th. The shares were purchased at an average cost of C$51.25 per share, for a total transaction of C$38,437.50. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately C$384,375. This represents a 11.11% increase in their ownership of the stock. 16.00% of the stock is currently owned by company insiders.

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.