Western Investment Company of Canada (CVE:WI) Shares Up 1.9% – Should You Buy?

The Western Investment Company of Canada Limited (CVE:WI) traded up 1.9% on Thursday . The stock traded as high as C$1.08 and last traded at C$1.08. 13,375 shares changed hands during trading, a decline of 63% from the average session volume of 36,310 shares. The stock had previously closed at C$1.06.

Western Investment Company of Canada Stock Up 1.9%

The company has a market cap of C$180.43 million, a PE ratio of 20.38 and a beta of -0.01. The company has a fifty day moving average of C$1.07 and a two-hundred day moving average of C$0.99. 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 Activity

In other news, Director Scott Tannas bought 50,000 shares of the stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of C$0.95 per share, for a total transaction of C$47,500.00. Following the acquisition, the director owned 1,543,002 shares of the company’s stock, valued at C$1,465,851.90. The trade was a 3.35% increase in their ownership of the stock. Company 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.