Canadian General Investments (TSE:CGI) Reaches New 1-Year Low – Here’s Why

Canadian General Investments (TSE:CGIGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$35.10 and last traded at C$35.15, with a volume of 18473 shares trading hands. The stock had previously closed at C$36.50.

Canadian General Investments Price Performance

The firm’s 50 day moving average is C$38.39 and its 200 day moving average is C$39.72. The firm has a market cap of C$728.91 million, a P/E ratio of 4.47 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44.

Canadian General Investments Company Profile

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Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.

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