Western Investment Company of Canada (CVE:WI) Stock Price Down 9.6% – Here’s What Happened

The Western Investment Company of Canada Limited (CVE:WIGet Free Report) shares dropped 9.6% during trading on Wednesday . The company traded as low as C$0.97 and last traded at C$1.03. Approximately 107,737 shares traded hands during trading, an increase of 178% from the average daily volume of 38,717 shares. The stock had previously closed at C$1.14.

Western Investment Company of Canada Stock Performance

The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77. The firm has a market cap of C$142.97 million, a price-to-earnings ratio of -225.00 and a beta of -0.39. The business has a 50 day moving average of C$0.92 and a 200 day moving average of C$0.79.

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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