Western Investment Company of Canada (CVE:WI) Trading 19.4% Higher – What’s Next?

The Western Investment Company of Canada Limited (CVE:WI)’s share price was up 19.4% during trading on Wednesday . The company traded as high as C$1.70 and last traded at C$0.80. Approximately 261,569 shares changed hands during trading, an increase of 405% from the average daily volume of 51,786 shares. The stock had previously closed at C$0.67.

Western Investment Company of Canada Price Performance

The company has a 50-day moving average of C$0.62 and a 200 day moving average of C$0.61. 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 stock has a market capitalization of C$109.61 million, a PE ratio of 25.02 and a beta of -0.74.

About Western Investment Company of Canada

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.