Premium Income Corporation (TSE:PIC.A – Get Free Report)’s stock price rose 0.3% on Wednesday . The stock traded as high as C$6.10 and last traded at C$6.09. Approximately 19,393 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 41,587 shares. The stock had previously closed at C$6.07.
Premium Income Price Performance
The business’s 50-day simple moving average is C$5.51 and its two-hundred day simple moving average is C$4.48. The stock has a market cap of C$118.02 million, a price-to-earnings ratio of 0.00 and a beta of 1.20. The company has a debt-to-equity ratio of 562.70, a current ratio of 1.18 and a quick ratio of 1.45.
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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