Canadian Banc (TSE:BK) Shares Cross Above 50-Day Moving Average of $10.51

Shares of Canadian Banc Corp. (TSE:BK) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$10.51 and traded as high as C$10.77. Canadian Banc shares last traded at C$10.69, with a volume of 40,104 shares changing hands.

Canadian Banc Trading Down 0.4 %

The stock has a market capitalization of C$289.59 million, a price-to-earnings ratio of -5.91 and a beta of 1.28. The company has a debt-to-equity ratio of 153.76, a current ratio of 1.60 and a quick ratio of 2.23. The business’s 50-day simple moving average is C$10.51 and its two-hundred day simple moving average is C$10.27.

About Canadian Banc

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.