Canadian Banc Corp. (TSE:BK - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.90 and traded as high as C$11.34. Canadian Banc shares last traded at C$11.26, with a volume of 121,751 shares changing hands.
Canadian Banc Trading Up 1.1%
The company has a current ratio of 1.98, a quick ratio of 2.23 and a debt-to-equity ratio of 98.31. The stock has a market cap of C$394.53 million, a P/E ratio of 5.54 and a beta of 1.22. The firm's 50-day simple moving average is C$10.92 and its 200 day simple moving average is C$11.42.
About Canadian Banc
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The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% 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.
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