Premium Income Corporation (TSE:PIC.A – Get Free Report) shares shot up 0.3% during mid-day trading on Wednesday . The company traded as high as C$6.10 and last traded at C$6.09. 19,393 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 41,587 shares. The stock had previously closed at C$6.07.
Premium Income Trading Up 0.3 %
The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 562.70. The firm has a market cap of C$118.02 million, a price-to-earnings ratio of 0.00 and a beta of 1.20. The company has a 50-day moving average price of C$5.44 and a 200 day moving average price of C$4.45.
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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