Canadian General Investments (TSE:CGI) Hits New 1-Year High – Should You Buy?

Canadian General Investments (TSE:CGI)’s stock price hit 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 trading hands. The stock had previously closed at C$53.90.

Canadian General Investments Stock 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 business has a 50 day moving average price of C$52.34 and a 200 day moving average price of C$51.08. The stock has a market cap of C$1.13 billion, a P/E ratio of 3.06 and a beta of 1.15.

Insider Buying and Selling

In other Canadian General Investments news, Director Clive William Robinson bought 750 shares of Canadian General Investments 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 completion of the purchase, the director directly owned 7,500 shares in the company, valued at approximately C$384,375. This trade represents a 11.11% increase in their position. 16.00% of the stock is owned by company 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.