Canadian General Investments (LON:CGI) Hits New 12-Month Low – What’s Next?

Canadian General Investments (LON:CGI)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,884.80 ($24.37) and last traded at GBX 1,886 ($24.39), with a volume of 647 shares trading hands. The stock had previously closed at GBX 1,900 ($24.57).

Canadian General Investments Price Performance

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 fifty day moving average of GBX 2,139.79 and a two-hundred day moving average of GBX 2,207.06. The stock has a market capitalization of £684.42 million, a P/E ratio of 4.20 and a beta of 1.18.

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.