Premium Income (TSE:PIC.A) Trading 0.5% Higher

Premium Income Corporation (TSE:PIC.AGet Free Report) was up 0.5% during mid-day trading on Wednesday . The stock traded as high as C$4.07 and last traded at C$4.01. Approximately 35,764 shares changed hands during trading, an increase of 17% from the average daily volume of 30,639 shares. The stock had previously closed at C$3.99.

Premium Income Stock Up 0.5 %

The company has a quick ratio of 1.45, a current ratio of 1.03 and a debt-to-equity ratio of 3,219.75. The firm has a market capitalization of C$67.61 million, a PE ratio of -1.25 and a beta of 1.23. The business’s 50-day moving average price is C$4.07 and its 200-day moving average price is C$4.29.

About Premium Income

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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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