Canadian General Investments (LON:CGI) Hits New 12-Month High – What’s Next?

Shares of Canadian General Investments (LON:CGI) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 2,900 and last traded at GBX 2,900, with a volume of 471 shares changing hands. The stock had previously closed at GBX 2,820.

Canadian General Investments Stock Up 1.4%

The firm’s 50-day moving average price is GBX 2,761.92 and its 200 day moving average price is GBX 2,719.92. The company has a market capitalization of £596.62 million, a price-to-earnings ratio of 2.30 and a beta of 0.91. The company has a current ratio of 9.07, a quick ratio of 7.44 and a debt-to-equity ratio of 12.40.

Canadian General Investments Company Profile

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.