Canadian General Investments (TSE:CGI) Reaches New 52-Week High – Should You Buy?

Shares of Canadian General Investments (TSE:CGI) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$55.49 and last traded at C$55.49, with a volume of 1682 shares traded. The stock had previously closed at C$52.25.

Canadian General Investments Trading Down 1.8%

The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40. The firm has a market capitalization of C$1.07 billion, a P/E ratio of 2.90 and a beta of 1.15. The firm’s 50-day simple moving average is C$52.37 and its 200-day simple moving average is C$51.32.

Insiders Place Their Bets

In other news, Director Clive William Robinson purchased 750 shares of the company’s stock in a transaction on Friday, July 17th. The stock was purchased at an average price of C$51.25 per share, with a total value of C$38,437.50. Following the completion of the purchase, the director directly owned 7,500 shares in the company, valued at approximately C$384,375. This trade represents a 11.11% increase in their position. 16.00% of the stock is owned by insiders.

About Canadian General Investments

A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.