Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price was down 1.2% during trading on Thursday . The company traded as low as C$4.00 and last traded at C$4.06. Approximately 35,767 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 27,776 shares. The stock had previously closed at C$4.11.
Premium Income Stock Up 1.7 %
The firm has a market capitalization of C$63.52 million, a PE ratio of -1.29 and a beta of 1.20. The business’s 50 day simple moving average is C$4.34 and its 200 day simple moving average is C$4.27. The company has a current ratio of 1.03, a quick ratio of 1.45 and a debt-to-equity ratio of 3,219.75.
About Premium Income
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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