Canadian General Investments (LON:CGI) Reaches New 1-Year High – Time to Buy?

Canadian General Investments (LON:CGI)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,880 and last traded at GBX 2,880, with a volume of 3814 shares changing hands. The stock had previously closed at GBX 2,749.

Canadian General Investments Stock Performance

The company has a debt-to-equity ratio of 11.89, a current ratio of 9.42 and a quick ratio of 7.44. The company has a market capitalization of £584.15 million, a PE ratio of 2.25 and a beta of 0.92. The firm’s fifty day simple moving average is GBX 2,711.99 and its 200 day simple moving average is GBX 2,632.44.

About Canadian General Investments

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.