Shares of Canadian Banc Corp. (TSE:BK – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$14.52 and traded as high as C$14.63. Canadian Banc shares last traded at C$14.63, with a volume of 154,809 shares changing hands.
Canadian Banc Stock Performance
The company has a debt-to-equity ratio of 98.31, a quick ratio of 2.23 and a current ratio of 1.98. The stock has a market capitalization of C$716.97 million, a P/E ratio of 5.13 and a beta of 1.17. The business has a 50-day moving average price of C$14.52 and a 200 day moving average price of C$13.74.
Canadian Banc Company Profile
The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.
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