Canadian General Investments (LON:CGI) Hits New 52-Week High – Time to Buy?

Canadian General Investments (LON:CGI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,900 and last traded at GBX 2,900, with a volume of 117 shares traded. The stock had previously closed at GBX 2,860.

Canadian General Investments Stock Performance

The firm’s fifty day moving average is GBX 2,773.36 and its 200 day moving average is GBX 2,738.03. The firm has a market capitalization of £596.62 million, a price-to-earnings ratio of 1.61 and a beta of 0.89. The company has a debt-to-equity ratio of 12.40, a current ratio of 9.07 and a quick ratio of 7.44.

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.