Western Investment Company of Canada (CVE:WI) Shares Up 3% – Time to Buy?

The Western Investment Company of Canada Limited (CVE:WI)’s share price traded up 3% during trading on Wednesday . The stock traded as high as C$1.07 and last traded at C$1.03. 28,220 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 38,471 shares. The stock had previously closed at C$1.00.

Western Investment Company of Canada Stock Up 3.0%

The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23. The company has a market capitalization of C$165.03 million, a price-to-earnings ratio of 18.39 and a beta of 0.01. The stock’s fifty day simple moving average is C$0.98 and its two-hundred day simple moving average is C$0.89.

Insider Activity at Western Investment Company of Canada

In other Western Investment Company of Canada news, Director Scott Tannas bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of C$0.95 per share, for a total transaction of C$47,500.00. Following the acquisition, the director directly owned 1,543,002 shares of the company’s stock, valued at C$1,465,851.90. This trade represents a 3.35% increase in their ownership of the stock. 11.34% of the stock is owned by insiders.

Western Investment Company of Canada Company Profile

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.