Canadian General Investments (LON:CGI) Reaches New 1-Year High – Time to Buy?

Canadian General Investments (LON:CGI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,900 and last traded at GBX 2,900, with a volume of 117 shares trading hands. The stock had previously closed at GBX 2,860.

Canadian General Investments Trading Up 1.4%

The stock has a fifty day moving average of GBX 2,770.13 and a 200-day moving average of GBX 2,735.13. The company has a market cap of £604.97 million, a PE ratio of 1.63 and a beta of 0.91. The company has a debt-to-equity ratio of 12.40, a quick ratio of 7.44 and a current ratio of 9.07.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.