Canadian General Investments (LON:CGI) Hits New 12-Month High – Should You Buy?

Canadian General Investments (LON:CGI) hit a new 52-week high on Monday . The stock traded as high as GBX 2,920 and last traded at GBX 2,780.60, with a volume of 5625 shares trading hands. The stock had previously closed at GBX 2,815.60.

Canadian General Investments Trading Up 3.7%

The stock has a market capitalization of £609.14 million, a PE ratio of 1.64 and a beta of 0.89. The firm has a 50 day moving average price of GBX 2,780.88 and a 200 day moving average price of GBX 2,741.76. The company has a quick ratio of 7.44, a current ratio of 9.07 and a debt-to-equity ratio of 12.40.

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.