Canoe EIT Income Fund (OTCMKTS:ENDTF) Sees Strong Trading Volume – Time to Buy?

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares saw strong trading volume on Wednesday . 420,290 shares changed hands during trading, an increase of 9,897% from the previous session’s volume of 4,204 shares.The stock last traded at C$11.32 and had previously closed at C$11.18.

Canoe EIT Income Fund Stock Performance

The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average price of C$11.04 and a 200-day moving average price of C$11.15. The firm has a market capitalization of C$1.35 billion and a PE ratio of 3.22.

Canoe EIT Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0723 per share. The ex-dividend date was Monday, September 22nd. This represents a yield of 772.0%. Canoe EIT Income Fund’s payout ratio is currently 17.05%.

Canoe EIT Income Fund Company Profile

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.