Premium Income Corporation (TSE:PIC.A – Get Free Report) shares rose 2.3% during mid-day trading on Tuesday . The stock traded as high as C$6.29 and last traded at C$6.29. Approximately 27,210 shares changed hands during trading, a decline of 35% from the average daily volume of 42,085 shares. The stock had previously closed at C$6.15.
Premium Income Trading Up 2.3 %
The company has a debt-to-equity ratio of 562.70, a quick ratio of 1.45 and a current ratio of 1.18. The company has a market capitalization of C$121.90 million, a PE ratio of 0.00 and a beta of 1.20. The stock has a fifty day moving average of C$4.95 and a 200 day moving average of C$4.25.
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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