Western Investment Company of Canada (CVE:WI) Stock Price Up 16.4% – Here’s What Happened

The Western Investment Company of Canada Limited (CVE:WI)’s stock price was up 16.4% on Wednesday . The stock traded as high as C$1.70 and last traded at C$0.78. Approximately 265,569 shares traded hands during trading, an increase of 413% from the average daily volume of 51,803 shares. The stock had previously closed at C$0.67.

Western Investment Company of Canada Price Performance

The company has a quick ratio of 0.07, a current ratio of 2.23 and a debt-to-equity ratio of 58.77. The company has a market capitalization of C$109.61 million, a PE ratio of 25.02 and a beta of -0.74. The firm’s 50 day simple moving average is C$0.62 and its 200 day simple moving average is C$0.61.

Western Investment Company of Canada Company Profile

The Western Investment Company of Canada Limited, is a private equity firm specializing in buyout and middle market investments. It seeks investments in retail and distribution, human services, agriculture and related services and special situations. The firm prefers to invest in USA and Canada with a focus in companies which are headquartered in Western Canada like Alberta, British Columbia, Manitoba and Saskatchewan. Through its subsidiaries, operates as an automotive glass service company in Canada.