Canadian General Investments (LON:CGI) Reaches New 12-Month High – Time to Buy?

Canadian General Investments (LON:CGI) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,880 and last traded at GBX 2,880, with a volume of 2581 shares changing hands. The stock had previously closed at GBX 2,780.

Canadian General Investments Stock Up 3.6%

The firm has a 50-day moving average price of GBX 2,751.36 and a two-hundred day moving average price of GBX 2,657.04. The firm has a market cap of £600.80 million, a price-to-earnings ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 11.89, a quick ratio of 7.44 and a current ratio of 9.42.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.