Premium Income (TSE:PIC.A) Trading Up 2.3% – Time to Buy?

Premium Income Corporation (TSE:PIC.A) shot up 2.3% during trading on Tuesday . The stock traded as high as C$6.29 and last traded at C$6.29. 27,210 shares changed hands during trading, a decline of 35% from the average session volume of 42,085 shares. The stock had previously closed at C$6.15.

Premium Income Stock Up 2.3 %

The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70. The stock has a market cap of C$121.90 million, a P/E ratio of 0.00 and a beta of 1.20. The company’s 50 day moving average price is C$4.95 and its two-hundred day moving average price is C$4.25.

Premium Income Company Profile

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.