Western Investment Company of Canada (CVE:WI) Trading 3% Higher – Should You Buy?

The Western Investment Company of Canada Limited (CVE:WI)’s share price traded up 3% on Wednesday . The company traded as high as C$1.07 and last traded at C$1.03. 28,220 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 38,471 shares. The stock had previously closed at C$1.00.

Western Investment Company of Canada Stock Performance

The stock has a 50-day simple moving average of C$0.99 and a 200-day simple moving average of C$0.89. The company has a debt-to-equity ratio of 58.77, a current ratio of 2.23 and a quick ratio of 0.07. The stock has a market cap of C$168.24 million, a PE ratio of 18.75 and a beta of 0.01.

Insider Buying and Selling at Western Investment Company of Canada

In other news, Director Scott Tannas sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$0.95, for a total transaction of C$47,500.00. Following the completion of the sale, the director owned 29,638 shares in the company, valued at approximately C$28,156.10. The trade was a 62.78% decrease in their position. 11.34% of the stock is owned by corporate insiders.

About Western Investment Company of Canada

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.