Premium Income Corporation (TSE:PIC.A – Get Free Report) rose 1.9% during trading on Wednesday . The stock traded as high as C$5.89 and last traded at C$5.87. Approximately 44,561 shares were traded during trading, an increase of 17% from the average daily volume of 38,153 shares. The stock had previously closed at C$5.76.
Premium Income Price Performance
The stock has a market cap of C$113.76 million, a P/E ratio of 0.00 and a beta of 1.20. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 562.70. The business’s 50-day simple moving average is C$6.11 and its two-hundred day simple moving average is C$4.89.
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.
Featured Stories
- Five stocks we like better than Premium Income
- What is a SEC Filing?
- 3 Must-Have ETFs Set to Dominate This Quarter
- What Investors Need to Know About Upcoming IPOs
- Seeking Stability? These 3 Stocks Offer Strong Potential
- Growth Stocks: What They Are, Examples and How to Invest
- Trade War Bargain Stocks: Top 3 Picks Too Good to Pass Up
Receive News & Ratings for Premium Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Income and related companies with MarketBeat.com's FREE daily email newsletter.
