Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price was down 0.5% during trading on Tuesday . The company traded as low as C$4.30 and last traded at C$4.31. Approximately 28,840 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 37,669 shares. The stock had previously closed at C$4.33.
Premium Income Stock Performance
The business’s 50 day simple moving average is C$4.03 and its two-hundred day simple moving average is C$4.04. The firm has a market capitalization of C$85.08 million, a PE ratio of 0.00 and a beta of 1.20. The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70.
About Premium Income
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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