Western Investment Company of Canada (CVE:WI) Stock Price Up 9.7% – Time to Buy?

The Western Investment Company of Canada Limited (CVE:WI)’s share price rose 9.7% during trading on Friday. The company traded as high as C$1.47 and last traded at C$1.47. 145,246 shares were traded during mid-day trading, an increase of 256% from the average session volume of 40,791 shares. The stock had previously closed at C$1.34.

Western Investment Company of Canada Trading Up 6.0%

The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23. The firm has a market capitalization of C$237.23 million, a price-to-earnings ratio of 26.79 and a beta of 0.09. The company has a 50 day moving average price of C$1.12 and a two-hundred day moving average price of C$1.00.

Western Investment Company of Canada Company Profile

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.