New Commerce Split Fund (TSE:YCM) Shares Up 2.7% – Here’s What Happened

New Commerce Split Fund (TSE:YCMGet Free Report)’s share price traded up 2.7% on Thursday . The company traded as high as C$7.50 and last traded at C$7.50. 10,000 shares were traded during mid-day trading, an increase of 940% from the average session volume of 962 shares. The stock had previously closed at C$7.30.

New Commerce Split Fund Trading Up 2.7%

The stock has a fifty day simple moving average of C$6.89 and a 200-day simple moving average of C$5.93. The company has a market capitalization of C$6.73 million, a PE ratio of 5.28 and a beta of 3.07.

New Commerce Split Fund Company Profile

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The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.05 per Class A Share to yield 6.0% per annum on the original issue price and (b) on or about the Termination Date, to pay the holders of Class A Shares at least the original issue price of the Class A Shares.

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