Premium Income Corporation (TSE:PIC.A – Get Free Report) shares dropped 0.5% on Wednesday . The stock traded as low as C$5.98 and last traded at C$6.09. Approximately 51,896 shares were traded during trading, an increase of 60% from the average daily volume of 32,445 shares. The stock had previously closed at C$6.12.
Premium Income Stock Performance
The company has a market capitalization of C$118.02 million, a PE ratio of 0.00 and a beta of 1.20. The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70. The business’s fifty day moving average is C$5.99 and its two-hundred day moving average is C$4.67.
Premium Income Company Profile
Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank.
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