Premium Income Corporation (TSE:PIC.A – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$6.41 and last traded at C$6.37, with a volume of 15647 shares. The stock had previously closed at C$4.41.
Premium Income Stock Performance
The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 562.70. The company has a market cap of C$124.42 million, a P/E ratio of 0.00 and a beta of 1.20. The company’s 50-day moving average is C$4.22 and its two-hundred day moving average is C$4.02.
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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