Insider Buying: Western Investment Company of Canada (CVE:WI) Director Acquires 50,000 Shares of Stock

The Western Investment Company of Canada Limited (CVE:WI) Director Scott Tannas acquired 50,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of C$0.95 per share, with a total value of C$47,500.00. Following the completion of the purchase, the director owned 1,543,002 shares in the company, valued at approximately C$1,465,851.90. This represents a 3.35% increase in their ownership of the stock.

Scott Tannas also recently made the following trade(s):

• On Friday, June 12th, Scott Tannas sold 50,000 shares of Western Investment Company of Canada stock. The stock was sold at an average price of C$0.95, for a total transaction of C$47,500.00.

Western Investment Company of Canada Price Performance

Shares of WI traded up C$0.01 during mid-day trading on Wednesday, reaching C$0.96. 9,010 shares of the company’s stock were exchanged, compared to its average volume of 39,473. The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77. The company has a 50-day simple moving average of C$0.95 and a two-hundred day simple moving average of C$0.84. The Western Investment Company of Canada Limited has a 52-week low of C$0.46 and a 52-week high of C$1.70. The company has a market cap of C$153.82 million, a price-to-earnings ratio of 17.14 and a beta of 0.00.

About Western Investment Company of Canada

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.