Canadian General Investments (TSE:CGI) Hits New 1-Year High – Here’s What Happened

Canadian General Investments (TSE:CGI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$48.37 and last traded at C$48.58, with a volume of 2837 shares trading hands. The stock had previously closed at C$48.14.

Canadian General Investments Stock Up 1.1%

The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44. The firm has a market cap of C$1.02 billion, a PE ratio of 5.46 and a beta of 0.96. The business has a fifty day moving average price of C$46.22 and a two-hundred day moving average price of C$43.83.

About Canadian General Investments

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.