Canadian General Investments (LON:CGI) Sets New 1-Year High – Still a Buy?

Canadian General Investments (LON:CGI)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 2,460 ($30.11) and last traded at GBX 2,460 ($30.11), with a volume of 2038 shares changing hands. The stock had previously closed at GBX 2,330 ($28.52).

Canadian General Investments Price Performance

The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The business’s 50-day simple moving average is GBX 2,300.57 and its two-hundred day simple moving average is GBX 2,216.84. The firm has a market cap of £504.81 million, a price-to-earnings ratio of 555.05 and a beta of 1.18.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited.