Premium Income Corporation (TSE:PIC.A – Get Free Report) dropped 0.5% during mid-day 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 Up 0.9 %
The company has a debt-to-equity ratio of 562.70, a quick ratio of 1.45 and a current ratio of 1.18. The company’s 50-day moving average price is C$4.03 and its 200 day moving average price is C$4.04. The stock has a market capitalization of C$85.08 million, a P/E ratio of 0.00 and a beta of 1.20.
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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