Western Investment Company of Canada (CVE:WI) Shares Down 1.7% - What's Next?

Key Points

• Western Investment Company of Canada shares fell by 1.7% to trade at C$0.57, with approximately 64,500 shares changing hands, significantly higher than its average daily volume.
• The company has a market capitalization of C$90.55 million, a price-to-earnings ratio of 14.62, and a debt-to-equity ratio of 58.77.
• This private equity firm focuses on buyout and middle market investments, primarily in retail, human services, and agricultural sectors, particularly in Western Canada.

Shares of The Western Investment Company of Canada Limited (CVE:WI - ) dropped 1.7% during trading on Thursday . The stock traded as low as C$0.57 and last traded at C$0.57. Approximately 64,500 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 38,061 shares. The stock had previously closed at C$0.58.

Western Investment Company of Canada Stock Down 1.7%

The firm's 50-day moving average price is C$0.62 and its 200 day moving average price is C$0.58. The firm has a market capitalization of C$90.55 million, a price-to-earnings ratio of 14.62 and a beta of -0.48. The company has a debt-to-equity ratio of 58.77, a current ratio of 2.23 and a quick ratio of 0.07.

About Western Investment Company of Canada

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan.

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.