Western Investment Company of Canada (CVE:WI) Stock Price Down 10.9% – Here’s Why

Shares of The Western Investment Company of Canada Limited (CVE:WI) fell 10.9% during mid-day trading on Wednesday . The company traded as low as C$0.55 and last traded at C$0.57. 109,600 shares were traded during mid-day trading, an increase of 225% from the average session volume of 33,774 shares. The stock had previously closed at C$0.64.

Western Investment Company of Canada Stock Performance

The firm’s 50 day simple moving average is C$0.64 and its 200 day simple moving average is C$0.51. The firm has a market capitalization of C$18.43 million, a price-to-earnings ratio of -30.50 and a beta of 0.76. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.07 and a current ratio of 2.23.

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.