Canadian Life Companies Split (TSE:LFE) Stock Price Down 1% – Time to Sell?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price traded down 1% during trading on Tuesday. The stock traded as low as C$8.81 and last traded at C$8.93. 61,472 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 112,747 shares. The stock had previously closed at C$9.02.

Canadian Life Companies Split Stock Down 7.8%

The stock has a market capitalization of C$184.24 million, a PE ratio of 2.31 and a beta of 3.04. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 124.90. The firm has a 50 day moving average of C$8.86 and a two-hundred day moving average of C$8.18.

Canadian Life Companies Split Company Profile

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.