Western Investment Company of Canada (CVE:WI) Shares Up 1% – Time to Buy?

The Western Investment Company of Canada Limited (CVE:WI) shares were up 1% on Thursday . The company traded as high as C$1.05 and last traded at C$1.04. Approximately 32,500 shares were traded during mid-day trading, a decline of 13% from the average session volume of 37,169 shares. The stock had previously closed at C$1.03.

Western Investment Company of Canada Stock Up 1.0%

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 business has a 50-day moving average price of C$1.01 and a 200-day moving average price of C$0.93. The firm has a market capitalization of C$166.64 million, a PE ratio of 18.57 and a beta of 0.01.

Insider Transactions at Western Investment Company of Canada

In related news, Director Scott Tannas bought 50,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of C$0.95 per share, with a total value of C$47,500.00. Following the purchase, the director directly owned 1,543,002 shares of the company’s stock, valued at C$1,465,851.90. The trade was a 3.35% increase in their ownership of the stock. 11.34% of the stock is currently owned by insiders.

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.