Shares of Premium Income Corporation (TSE:PIC.A – Get Free Report) were down 0.5% during mid-day trading on Wednesday . The stock traded as low as C$5.98 and last traded at C$6.09. Approximately 51,896 shares traded hands 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 Price Performance
The firm’s 50 day moving average price is C$6.07 and its two-hundred day moving average price is C$4.70. The company has a debt-to-equity ratio of 562.70, a current ratio of 1.18 and a quick ratio of 1.45. The stock has a market cap of C$118.41 million, a PE ratio of 0.00 and a beta of 1.20.
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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