Canadian General Investments (LON:CGI) Hits New 12-Month High – Should You Buy?

Canadian General Investments (LON:CGI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,880 and last traded at GBX 2,880, with a volume of 817 shares trading hands. The stock had previously closed at GBX 2,800.

Canadian General Investments Stock Up 2.9%

The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42. The stock has a market cap of £600.80 million, a price-to-earnings ratio of 2.32 and a beta of 0.92. The business’s 50 day moving average is GBX 2,774.78 and its 200 day moving average is GBX 2,669.66.

Canadian General Investments Company Profile

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.