Western Investment Company of Canada (CVE:WI) Stock Price Down 1.8% – What’s Next?

The Western Investment Company of Canada Limited (CVE:WI) was down 1.8% on Thursday . The stock traded as low as C$1.09 and last traded at C$1.10. 44,361 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 36,709 shares. The stock had previously closed at C$1.12.

Western Investment Company of Canada Trading Down 1.8%

The company has a market cap of C$176.25 million, a price-to-earnings ratio of 19.64 and a beta of 0.00. The company has a debt-to-equity ratio of 58.77, a current ratio of 2.23 and a quick ratio of 0.07. The firm’s fifty day moving average price is C$1.04 and its 200-day moving average price is C$0.96.

Insiders Place Their Bets

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