Economic Investment Trust (TSE:EVT) Stock Price Up 0.3% – Here’s What Happened

Economic Investment Trust Limited (TSE:EVT) was up 0.3% during mid-day trading on Wednesday . The company traded as high as C$22.00 and last traded at C$22.00. Approximately 700 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,026 shares. The stock had previously closed at C$21.93.

Economic Investment Trust Price Performance

The company has a market cap of C$120.83 million, a P/E ratio of 0.42 and a beta of 0.75. The firm has a 50 day moving average of C$23.60 and a 200-day moving average of C$21.95.

Economic Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%.

About Economic Investment Trust

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.