Insider Buying: Life & Banc Split Corp. (TSE:LBS) Director Buys C$59,775.87 in Stock

Life & Banc Split Corp. (TSE:LBS) Director Mark A. Caranci acquired 7,700 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of C$7.76 per share, with a total value of C$59,775.87. Following the transaction, the director now directly owns 27,700 shares of the company’s stock, valued at C$215,037.87.

Life & Banc Split stock opened at C$4.35 on Friday. Life & Banc Split Corp. has a 52-week low of C$2.90 and a 52-week high of C$8.55. The firm has a fifty day moving average of C$6.41 and a 200-day moving average of C$7.61. The firm has a market capitalization of $117.10 million and a P/E ratio of -17.90. The company has a quick ratio of 65.87, a current ratio of 65.87 and a debt-to-equity ratio of 138.24.

Life & Banc Split Company Profile

Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis.

Further Reading: Price-Sales Ratio

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