Canadian Life Companies Split (TSE:LFE) Reaches New 52-Week High – Here’s Why

Canadian Life Companies Split Corp. (TSE:LFE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.87 and last traded at C$6.86, with a volume of 55883 shares trading hands. The stock had previously closed at C$6.64.

Canadian Life Companies Split Stock Up 2.4 %

The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The stock’s 50 day simple moving average is C$6.79 and its 200 day simple moving average is C$5.63. The firm has a market cap of C$69.63 million, a P/E ratio of 5.15 and a beta of 2.91.

About Canadian Life Companies Split

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.