New Commerce Split Fund (TSE:YCM – Get Free Report) shares shot up 2.7% during mid-day trading on Thursday . The company traded as high as C$7.50 and last traded at C$7.50. 10,000 shares changed hands during trading, an increase of 940% from the average session volume of 962 shares. The stock had previously closed at C$7.30.
New Commerce Split Fund Stock Performance
The firm has a market cap of C$6.91 million, a P/E ratio of 5.42 and a beta of 3.07. The firm has a 50 day simple moving average of C$6.91 and a 200 day simple moving average of C$5.95.
About New Commerce Split Fund
The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.05 per Class A Share to yield 6.0% per annum on the original issue price and (b) on or about the Termination Date, to pay the holders of Class A Shares at least the original issue price of the Class A Shares.
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