Canadian Life Companies Split (TSE:LFE) Hits New 52-Week Low at $2.43

Canadian Life Companies Split Corp. (TSE:LFEGet Rating) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$2.43 and last traded at C$2.80, with a volume of 14515 shares trading hands. The stock had previously closed at C$2.73.

The stock’s 50 day moving average price is C$3.56 and its two-hundred day moving average price is C$4.26. The company has a debt-to-equity ratio of 250.69, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of C$34.92 million and a price-to-earnings ratio of 1.87.

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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