Canadian General Investments (TSE:CGI) Reaches New 12-Month High – Here’s What Happened

Shares of Canadian General Investments (TSE:CGI) reached a new 52-week high on Tuesday. The stock traded as high as C$55.49 and last traded at C$55.49, with a volume of 1682 shares. The stock had previously closed at C$52.25.

Canadian General Investments Trading Down 1.8%

The firm’s 50-day moving average price is C$52.37 and its 200-day moving average price is C$51.32. The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40. The company has a market cap of C$1.07 billion, a P/E ratio of 2.90 and a beta of 1.15.

Insider Activity

In related news, Director Clive William Robinson purchased 750 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was purchased at an average cost of C$51.25 per share, with a total value of C$38,437.50. Following the completion of the acquisition, the director directly owned 7,500 shares of the company’s stock, valued at approximately C$384,375. The trade was a 11.11% increase in their ownership of the stock. 16.00% of the stock is currently owned by corporate insiders.

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.