Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$8.87 and traded as high as C$8.98. Canadian Life Companies Split shares last traded at C$8.97, with a volume of 30,073 shares trading hands.
Canadian Life Companies Split Trading Up 2.3%
The business has a 50 day simple moving average of C$8.87 and a two-hundred day simple moving average of C$8.19. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 124.90. The stock has a market cap of C$195.12 million, a price-to-earnings ratio of 2.45 and a beta of 3.04.
About Canadian Life Companies Split
The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price 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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