Canadian Life Companies Split (TSE:LFE) Trading 1.5% Higher – Here’s What Happened

Shares of Canadian Life Companies Split Corp. (TSE:LFE) rose 1.5% on Tuesday . The stock traded as high as C$7.48 and last traded at C$7.46. Approximately 159,529 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 133,648 shares. The stock had previously closed at C$7.35.

Canadian Life Companies Split Trading Up 1.5%

The stock has a market cap of C$80.17 million, a P/E ratio of 2.46 and a beta of 3.74. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26. The stock’s fifty day moving average price is C$7.47 and its 200 day moving average price is C$6.78.

About Canadian Life Companies Split

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.