Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price traded down 2.5% during mid-day trading on Thursday . The stock traded as low as C$3.50 and last traded at C$3.50. 60,215 shares changed hands during trading, an increase of 75% from the average session volume of 34,387 shares. The stock had previously closed at C$3.59.
Premium Income Price Performance
The firm has a market cap of C$67.83 million, a PE ratio of 0.00 and a beta of 1.17. The company has a 50-day simple moving average of C$3.82 and a 200-day simple moving average of C$4.10. The company has a debt-to-equity ratio of 562.70, a current ratio of 1.18 and a quick ratio of 1.45.
Premium Income Company Profile
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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