Canadian General Investments (LON:CGI) Sets New 52-Week High – Time to Buy?

Shares of Canadian General Investments (LON:CGI) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,770 and last traded at GBX 2,701, with a volume of 3095 shares trading hands. The stock had previously closed at GBX 2,695.

Canadian General Investments Trading Up 0.4%

The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44. The company’s fifty day moving average is GBX 2,622.16 and its 200-day moving average is GBX 2,474.78. The stock has a market cap of £567.42 million, a PE ratio of 3.05 and a beta of 1.18.

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.