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Canadian Banc (TSE:BK) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Canadian Banc logo with Financial Services background

Shares of Canadian Banc Corp. (TSE:BK - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.30 and traded as high as C$11.38. Canadian Banc shares last traded at C$11.33, with a volume of 60,300 shares traded.

Canadian Banc Trading Up 1.6 %

The stock has a market cap of C$347.49 million, a P/E ratio of 4.86 and a beta of 1.22. The stock's 50-day moving average is C$11.30 and its two-hundred day moving average is C$11.07. The company has a debt-to-equity ratio of 98.31, a current ratio of 1.98 and a quick ratio of 2.23.

Canadian Banc Company Profile

(Get Free Report)

Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index.

Further Reading

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