Western Investment Company of Canada (CVE:WI) Shares Down 1% – Here’s What Happened

The Western Investment Company of Canada Limited (CVE:WIGet Free Report)’s stock price dropped 1% during mid-day trading on Wednesday . The stock traded as low as C$0.95 and last traded at C$0.95. Approximately 8,384 shares traded hands during trading, a decline of 79% from the average daily volume of 39,165 shares. The stock had previously closed at C$0.96.

Western Investment Company of Canada Price Performance

The company has a 50 day moving average price of C$0.94 and a 200-day moving average price of C$0.83. The company has a market cap of C$157.02 million, a price-to-earnings ratio of 17.50 and a beta of -0.39. The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77.

About Western Investment Company of Canada

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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.

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