Shares of Premium Income Corporation (TSE:PIC.A – Get Free Report) were up 1.9% on Wednesday . The stock traded as high as C$5.89 and last traded at C$5.87. Approximately 44,561 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 38,153 shares. The stock had previously closed at C$5.76.
Premium Income Trading Up 0.5 %
The firm has a market cap of C$114.73 million, a P/E ratio of 0.00 and a beta of 1.20. The company’s fifty day moving average price is C$6.11 and its two-hundred day moving average price is C$4.91. 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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