Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price fell 0.8% on Monday . The stock traded as low as C$3.85 and last traded at C$3.85. 24,786 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 33,646 shares. The stock had previously closed at C$3.88.
Premium Income Stock Performance
The company has a debt-to-equity ratio of 562.70, a current ratio of 1.18 and a quick ratio of 1.45. The stock has a market cap of C$76.16 million, a price-to-earnings ratio of 0.00 and a beta of 1.16. The business’s 50 day moving average is C$3.73 and its 200 day moving average is C$4.04.
Premium Income Company Profile
Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank.
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