Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as C$4.43 and last traded at C$4.44. 63,791 shares were traded during trading, an increase of 85% from the average session volume of 34,435 shares. The stock had previously closed at C$4.45.
Premium Income Stock Up 1.4 %
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 company has a fifty day simple moving average of C$3.83 and a 200 day simple moving average of C$4.05. The firm has a market capitalization of C$87.02 million, a P/E ratio of 0.00 and a beta of 1.16.
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.
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