Canadian General Investments (TSE:CGI) Shares Down 0.1% - Here's What Happened

Key Points

• Shares down 0.1% during mid-day trading to C$47.65 (intraday low C$47.05) on about 3,361 shares traded, roughly 13% below its average daily volume.
• The company shows strong liquidity and low leverage with a quick ratio of 7.44, current ratio 9.42 and debt-to-equity 11.89, and trades at a PE ratio of 3.84 with a market cap of C$994.03 million.
• Canadian General Investments is a closed-end equity fund focused on medium- to long-term capital appreciation and dividends in Canadian corporations, using a bottom-up, diversified strategy with individual positions generally not exceeding 5%.

Canadian General Investments (TSE:CGI - )'s share price was down 0.1% during mid-day trading on Tuesday . The company traded as low as C$47.05 and last traded at C$47.65. Approximately 3,361 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 3,846 shares. The stock had previously closed at C$47.71.

Canadian General Investments Stock Performance

The company has a quick ratio of 7.44, a current ratio of 9.42 and a debt-to-equity ratio of 11.89. The company has a market capitalization of C$994.03 million, a PE ratio of 3.84 and a beta of 0.95. The stock's fifty day simple moving average is C$48.65 and its 200-day simple moving average is C$47.29.

About Canadian General Investments

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.

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