Western Investment Company of Canada (CVE:WI) Trading Up 94% – Time to Buy?

The Western Investment Company of Canada Limited (CVE:WI)’s stock price rose 94% during trading on Wednesday . The company traded as high as C$1.70 and last traded at C$1.30. Approximately 251,069 shares were traded during mid-day trading, an increase of 390% from the average daily volume of 51,244 shares. The stock had previously closed at C$0.67.

Western Investment Company of Canada Stock Performance

The stock has a market cap of C$109.61 million, a PE ratio of 25.02 and a beta of -0.74. The stock has a fifty 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.

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.