Western Investment Company of Canada (CVE:WI) Shares Down 1.8% – Here’s Why

The Western Investment Company of Canada Limited (CVE:WI) shares were down 1.8% during mid-day trading on Thursday . The company traded as low as C$0.55 and last traded at C$0.55. Approximately 33,050 shares traded hands during trading, an increase of 12% from the average daily volume of 29,512 shares. The stock had previously closed at C$0.56.

Western Investment Company of Canada Stock Down 1.8 %

The stock’s fifty day moving average price is C$0.62 and its 200 day moving average price is C$0.53. The company has a current ratio of 2.23, a quick ratio of 0.07 and a debt-to-equity ratio of 58.77. The stock has a market cap of C$16.62 million, a P/E ratio of -27.50 and a beta of 0.76.

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.