Canoe EIT Income Fund (TSE:EIT.UN) Stock Price Up 0.1% – Time to Buy?

Canoe EIT Income Fund (TSE:EIT.UNGet Free Report)’s stock price rose 0.1% during mid-day trading on Wednesday . The company traded as high as C$15.53 and last traded at C$15.42. Approximately 122,767 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 173,287 shares. The stock had previously closed at C$15.41.

Canoe EIT Income Fund Price Performance

The firm has a market capitalization of C$2.83 billion, a price-to-earnings ratio of 4.90 and a beta of 0.47. The company has a 50 day moving average of C$15.33.

Canoe EIT Income Fund Company Profile

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The investment objectives of the Fund are to maximize monthly distributions relative to risk and maximize Net Asset Value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the Manager may determine in its sole discretion from time to time.

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