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Canadian General Investments (LON:CGI) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Canadian General Investments logo with Financial Services background

Canadian General Investments (LON:CGI - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,891.36 ($25.59) and traded as high as GBX 1,977 ($26.75). Canadian General Investments shares last traded at GBX 1,957 ($26.48), with a volume of 4,795 shares trading hands.

Canadian General Investments Stock Performance

The stock's 50 day moving average price is GBX 1,891.11 and its 200 day moving average price is GBX 2,121.67. The company has a market cap of £718.53 million, a price-to-earnings ratio of 4.41 and a beta of 1.18. The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42.

Canadian General Investments Company Profile

(Get Free Report)

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments. CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited.

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