Economic Investment Trust (TSE:EVT) Stock Price Up 6.4% - Here's What Happened

Economic Investment Trust Limited (TSE:EVT - Get Free Report)'s stock price traded up 6.4% during mid-day trading on Monday . The company traded as high as C$20.70 and last traded at C$20.70. 200 shares were traded during mid-day trading, a decline of 97% from the average session volume of 6,070 shares. The stock had previously closed at C$19.46.

Economic Investment Trust Stock Up 1.1%

The stock has a 50-day simple moving average of C$130.19 and a 200-day simple moving average of C$158.81. The firm has a market capitalization of C$110.71 million, a PE ratio of 0.38 and a beta of 0.75.

Economic Investment Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th.

Economic Investment Trust Company Profile

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.