Canadian General Investments (TSE:CGI – Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$54.24 and last traded at C$54.24, with a volume of 2261 shares trading hands. The stock had previously closed at C$51.19.
Canadian General Investments Trading Up 5.9%
The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 4.36 and a beta of -0.22. The firm has a 50-day moving average price of C$51.10 and a 200 day moving average price of C$49.22. The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89.
Canadian General Investments Company Profile
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.
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