Canadian Life Companies Split (TSE:LFE) Shares Up 1.2%

Canadian Life Companies Split (TSE:LFE) Shares Up 1.2%

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price shot up 1.2% during mid-day trading on Tuesday . The company traded as high as C$3.25 and last traded at C$3.25, 3,850 shares were traded during trading. A decline of 87% from the average session volume of 29,792 shares. The stock had previously closed at C$3.21.

The stock has a market cap of $45.83 million and a P/E ratio of -1.80. The company has a fifty day moving average of C$3.23. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 292.73.

In other Canadian Life Companies Split news, Director S. Wayne Finch purchased 367,410 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average cost of C$3.65 per share, for a total transaction of C$1,341,046.50. Following the completion of the transaction, the director now owns 684,791 shares in the company, valued at C$2,499,487.15.

Canadian Life Companies Split Company Profile (TSE:LFE)
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm’s earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.

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