Premium Income Corporation (TSE:PIC.A - Get Free Report) shares rose 2.3% during mid-day trading on Tuesday . The company traded as high as C$6.29 and last traded at C$6.29. Approximately 27,210 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 42,085 shares. The stock had previously closed at C$6.15.
Premium Income Price Performance
The stock has a market cap of C$121.51 million, a price-to-earnings ratio of 0.00 and a beta of 1.20. The stock has a fifty day simple moving average of C$4.95 and a 200-day simple moving average of C$4.25. The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70.
Premium Income Company Profile
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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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