Economic Investment Trust (TSE:EVT) Trading Down 0.6% - Here's What Happened

Key Points

• Economic Investment Trust (TSE:EVT) saw its share price decrease by 0.6% to C$20.48, with a significant drop in trading volume, down 68% from average levels.
• The company announced a quarterly dividend of $0.03 per share, which was paid on September 29th, resulting in an annualized dividend yield of 0.6%.
• With a market capitalization of C$115.10 million, its P/E ratio stands at 0.40, indicating potential for growth in terms of value and income.

Economic Investment Trust Limited (TSE:EVT - )'s share price traded down 0.6% on Wednesday . The company traded as low as C$20.05 and last traded at C$20.48. 1,460 shares were traded during mid-day trading, a decline of 68% from the average session volume of 4,623 shares. The stock had previously closed at C$20.60.

Economic Investment Trust Trading Down 0.6%

The business's fifty day simple moving average is C$19.77 and its two-hundred day simple moving average is C$63.81. The stock has a market capitalization of C$115.10 million, a P/E ratio of 0.40 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 15th.

About Economic Investment Trust

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.

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