Canadian General Investments (LON:CGI) Reaches New 1-Year High – Here’s What Happened

Canadian General Investments (LON:CGI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,800 and last traded at GBX 2,740, with a volume of 3500 shares. The stock had previously closed at GBX 2,699.04.

Canadian General Investments Trading Up 1.5%

The business’s fifty day moving average is GBX 2,636.68 and its 200-day moving average is GBX 2,556.64. The firm has a market cap of £571.59 million, a P/E ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.