Premium Income (TSE:PIC.A) Trading Down 0.9% - Should You Sell?

Shares of Premium Income Corporation (TSE:PIC.A - Get Free Report) traded down 0.9% during mid-day trading on Monday . The stock traded as low as C$6.64 and last traded at C$6.64. 52,803 shares were traded during trading, an increase of 15% from the average session volume of 46,017 shares. The stock had previously closed at C$6.70.

Premium Income Stock Performance

The company has a market capitalization of C$128.68 million, a price-to-earnings ratio of 0.00 and a beta of 1.20. The stock has a fifty day moving average price of C$6.32 and a two-hundred day moving average price of C$5.74. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 562.70.

Premium Income Company Profile

to provide Class A shareholders with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums (other than option premiums in respect of options outstanding at year-end) earned on the Funds portfolio in any year, net of expenses and loss carry forwards, exceed the amount of the distributions paid on Class A shares upon windup of the Fund To accomplish its objectives, the Fund invests at least 75 percent of its net asset value (``NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the ``Banks) and may also invest up to 25 percent of its NAV in common shares of National Bank of Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.