Canadian General Investments (TSE:CGI) Stock Price Up 0.2% – Here’s Why

Canadian General Investments (TSE:CGI) traded up 0.2% during trading on Tuesday. The stock traded as high as C$52.79 and last traded at C$51.30. Approximately 2,698 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 3,421 shares. The stock had previously closed at C$51.20.

Canadian General Investments Stock Up 0.2%

The company has a market capitalization of C$1.07 billion, a P/E ratio of 2.89 and a beta of 1.18. The firm’s 50 day moving average price is C$52.22 and its two-hundred day moving average price is C$51.75. The company has a current ratio of 9.07, a quick ratio of 7.44 and a debt-to-equity ratio of 12.40.

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.