Premium Income Corporation (TSE:PIC.A – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$6.41 and last traded at C$6.37, with a volume of 15647 shares trading hands. The stock had previously closed at C$4.41.
Premium Income Stock Performance
The stock has a 50 day moving average of C$4.22 and a two-hundred day moving average of C$4.02. The stock has a market capitalization of C$124.42 million, a PE 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.
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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