Western Investment Company of Canada (CVE:WI) Trading 1.9% Higher – Here’s What Happened

The Western Investment Company of Canada Limited (CVE:WI)’s stock price was up 1.9% during mid-day trading on Thursday . The stock traded as high as C$1.08 and last traded at C$1.08. 13,375 shares were traded during trading, a decline of 63% from the average session volume of 36,310 shares. The stock had previously closed at C$1.06.

Western Investment Company of Canada Stock Performance

The stock has a market cap of C$180.43 million, a P/E ratio of 20.38 and a beta of -0.01. The business has a 50 day moving average price of C$1.07 and a 200 day moving average price of C$0.99. The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77.

Insider Activity

In other Western Investment Company of Canada news, Director Scott Tannas acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of C$0.95 per share, for a total transaction of C$47,500.00. Following the acquisition, the director directly owned 1,543,002 shares in the company, valued at C$1,465,851.90. The trade was a 3.35% increase in their ownership of the stock. Corporate insiders own 11.34% of the company’s stock.

Western Investment Company of Canada Company Profile

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.