Premium Income (TSE:PIC.A) Trading Down 0.2%

Shares of Premium Income Corporation (TSE:PIC.A) dropped 0.2% on Tuesday . The stock traded as low as C$4.43 and last traded at C$4.44. Approximately 63,791 shares were traded during trading, an increase of 85% from the average daily volume of 34,435 shares. The stock had previously closed at C$4.45.

Premium Income Trading Down 0.2 %

The firm has a 50 day simple moving average of C$3.80 and a 200 day simple moving average of C$4.05. The company has a debt-to-equity ratio of 562.70, a quick ratio of 1.45 and a current ratio of 1.18. The firm has a market cap of C$86.05 million, a P/E ratio of 0.00 and a beta of 1.16.

About Premium Income

Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank.