Canadian Life Companies Split (TSE:LFE) Trading Down 1.5%

Canadian Life Companies Split Corp. (TSE:LFE) dropped 1.5% during mid-day trading on Wednesday . The stock traded as low as C$3.70 and last traded at C$3.82. Approximately 203,293 shares were traded during trading, an increase of 353% from the average daily volume of 44,839 shares. The stock had previously closed at C$3.88.

Canadian Life Companies Split Trading Up 2.3 %

The company’s 50-day moving average is C$4.69 and its 200-day moving average is C$3.99. The firm has a market cap of C$45.46 million, a price-to-earnings ratio of 3.90 and a beta of 3.02. The company has a debt-to-equity ratio of 230.86, a quick ratio of 1.33 and a current ratio of 1.43.

About Canadian Life Companies Split

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.