Economic Investment Trust (TSE:EVT) Trading Up 0.3% - What's Next?

Key Points

• Traded up 0.3% to C$22.00 on Wednesday, but only 700 shares changed hands — about 65% below the average session volume, signaling very light trading activity.
• The company has a market cap of C$123.64 million, a notably low P/E of 0.43 and a beta of 0.75, indicating a very low earnings multiple and below-market volatility.
• Declared and paid a quarterly dividend of $0.03 on March 31 (ex-dividend March 13), which annualizes to $0.12 or a 0.5% yield.

Economic Investment Trust Limited (TSE:EVT - ) traded up 0.3% on Wednesday . The company traded as high as C$22.00 and last traded at C$22.00. 700 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 2,026 shares. The stock had previously closed at C$21.93.

Economic Investment Trust Trading Up 0.3%

The company's 50-day moving average price is C$23.63 and its two-hundred day moving average price is C$21.95. The company has a market cap of C$123.64 million, a P/E ratio of 0.43 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.03 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.12 annualized dividend and a yield of 0.5%.

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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