Economic Investment Trust (TSE:EVT) Trading Up 6.4% - What's Next?

Economic Investment Trust Limited (TSE:EVT - Get Free Report) shares shot up 6.4% on Monday . The stock traded as high as C$20.70 and last traded at C$20.70. 200 shares were traded during 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 Down 4.3%

The firm's 50 day moving average is C$138.61 and its two-hundred day moving average is C$161.84. The stock has a market cap of C$111.28 million, a price-to-earnings ratio of 0.38 and a beta of 0.75.

Economic Investment Trust Cuts Dividend

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

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.