Western Investment Company of Canada (CVE:WI) Stock Price Down 1.8% – Should You Sell?

Shares of The Western Investment Company of Canada Limited (CVE:WI) were down 1.8% during trading on Thursday . The stock traded as low as C$1.09 and last traded at C$1.10. Approximately 44,361 shares traded hands during trading, an increase of 21% from the average daily volume of 36,709 shares. The stock had previously closed at C$1.12.

Western Investment Company of Canada Price Performance

The stock has a 50 day moving average of C$1.04 and a two-hundred day moving average of C$0.96. The stock has a market cap of C$174.65 million, a PE ratio of 19.46 and a beta of 0.00. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23.

Insider Buying and Selling

In other Western Investment Company of Canada news, Director Scott Tannas sold 50,000 shares of Western Investment Company of Canada stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$0.95, for a total transaction of C$47,500.00. Following the completion of the sale, the director owned 29,638 shares of the company’s stock, valued at C$28,156.10. This trade represents a 62.78% decrease in their position. Insiders own 11.34% of the company’s stock.

Western Investment Company of Canada Company Profile

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.