Western Investment Company of Canada (CVE:WI) Shares Up 16.4% – Here’s Why

Shares of The Western Investment Company of Canada Limited (CVE:WIGet Free Report) traded up 16.4% during mid-day trading on Wednesday . The stock traded as high as C$1.70 and last traded at C$0.78. 265,569 shares changed hands during mid-day trading, an increase of 413% from the average session volume of 51,803 shares. The stock had previously closed at C$0.67.

Western Investment Company of Canada Stock Performance

The company has a market capitalization of C$123.90 million, a P/E ratio of 28.28 and a beta of -0.74. The business has a 50 day moving average of C$0.62 and a 200 day moving average of C$0.61. The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77.

Western Investment Company of Canada Company Profile

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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.

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