Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE) shares hit a new 52-week high during trading on Monday . The company traded as high as C$6.87 and last traded at C$6.86, with a volume of 55883 shares traded. The stock had previously closed at C$6.64.

Canadian Life Companies Split Stock Up 2.8 %

The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33. The firm has a market capitalization of C$71.88 million, a price-to-earnings ratio of 5.32 and a beta of 2.91. The business has a fifty day moving average price of C$6.80 and a two-hundred day moving average price of C$5.65.

About Canadian Life Companies Split

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.