Canadian General Investments (TSE:CGI – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$55.00 and last traded at C$54.32, with a volume of 3711 shares. The stock had previously closed at C$53.90.
Canadian General Investments Stock Up 0.8%
The company has a fifty day moving average of C$52.34 and a two-hundred day moving average of C$51.08. The company has a market cap of C$1.13 billion, a PE ratio of 3.06 and a beta of 1.15. The company has a debt-to-equity ratio of 12.40, a quick ratio of 7.44 and a current ratio of 9.07.
Insider Buying and Selling
In other news, Director Clive William Robinson acquired 750 shares of the business’s stock in a transaction on Friday, July 17th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately C$384,375. The trade was a 11.11% increase in their position. 16.00% of the stock is owned by 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.
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