Canadian General Investments (TSE:CGI) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Canadian General Investments (TSE:CGI)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$51.94 and traded as high as C$52.60. Canadian General Investments shares last traded at C$52.60, with a volume of 2,169 shares traded.

Canadian General Investments Trading Down 0.5%

The company’s 50 day simple moving average is C$51.93 and its 200-day simple moving average is C$50.49. The firm has a market cap of C$1.09 billion, a P/E ratio of 4.22 and a beta of 1.10. The company has a quick ratio of 7.44, a current ratio of 9.42 and a debt-to-equity ratio of 11.89.

Insider Buying and Selling at Canadian General Investments

In other Canadian General Investments news, Director Clive William Robinson purchased 750 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was purchased at an average cost of C$51.25 per share, with a total value of C$38,437.50. Following the purchase, the director owned 7,500 shares of the company’s stock, valued at approximately C$384,375. The trade was a 11.11% increase in their ownership of the stock. Insiders own 16.00% of the company’s stock.

Canadian General Investments Company Profile

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.