Canadian General Investments (LON:CGI) Hits New 1-Year High – Here’s Why

Canadian General Investments (LON:CGI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,880 and last traded at GBX 2,880, with a volume of 817 shares traded. The stock had previously closed at GBX 2,800.

Canadian General Investments Price Performance

The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89. 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 stock has a 50-day moving average of GBX 2,774.78 and a two-hundred day moving average of GBX 2,669.66.

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.