Economic Investment Trust (TSE:EVT) Shares Up 2.4% – Should You Buy?

Economic Investment Trust Limited (TSE:EVT)’s share price shot up 2.4% during trading on Wednesday . The company traded as high as C$23.30 and last traded at C$23.30. 2,160 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 1,884 shares. The stock had previously closed at C$22.75.

Economic Investment Trust Stock Performance

The stock has a market cap of C$130.95 million, a PE ratio of 0.45 and a beta of 0.75. The stock has a fifty day moving average price of C$22.94 and a 200 day moving average price of C$22.26.

Economic Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.03 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%.

Economic Investment Trust Company Profile

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.