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

Canadian General Investments (TSE:CGI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$55.00 and last traded at C$54.32, with a volume of 3711 shares changing hands. The stock had previously closed at C$53.90.

Canadian General Investments Price Performance

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 firm’s fifty day moving average price is C$52.40 and its 200 day moving average price is C$51.14. The stock has a market cap of C$1.09 billion, a PE ratio of 2.95 and a beta of 1.15.

Insider Buying and Selling

In related news, Director Clive William Robinson purchased 750 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were acquired at an average price of C$51.25 per share, for a total transaction of C$38,437.50. Following the purchase, the director directly owned 7,500 shares in the company, valued at C$384,375. This trade represents a 11.11% increase in their ownership of the stock. 16.00% of the stock is currently owned by insiders.

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.