Canadian General Investments (LON:CGI) Shares Break Below 200 Day Moving Average – Here’s What Happened

Shares of Canadian General Investments (LON:CGI) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 2,755.86 and traded as low as GBX 2,700. Canadian General Investments shares last traded at GBX 2,700, with a volume of 9 shares changing hands.

Canadian General Investments Stock Performance

The business’s 50-day simple moving average is GBX 2,808.64 and its two-hundred day simple moving average is GBX 2,757.03. The firm has a market cap of £600.80 million, a price-to-earnings ratio of 1.62 and a beta of 0.89. The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.