Premium Income (TSE:PIC.A) Stock Price Up 0.5%

Premium Income Corporation (TSE:PIC.A)’s stock price rose 0.5% during trading on Wednesday . The stock traded as high as C$4.07 and last traded at C$4.01. Approximately 35,764 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 30,639 shares. The stock had previously closed at C$3.99.

Premium Income Stock Performance

The firm has a market capitalization of C$67.44 million, a PE ratio of -1.25 and a beta of 1.23. The company’s 50-day moving average price is C$4.07 and its 200-day moving average price is C$4.29. The company has a debt-to-equity ratio of 3,219.75, a quick ratio of 1.45 and a current ratio of 1.03.

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.