Canadian Life Companies Split (TSE:LFE) Stock Price Down 1.5%

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as C$3.70 and last traded at C$3.82. 203,293 shares changed hands during trading, an increase of 353% from the average session volume of 44,839 shares. The stock had previously closed at C$3.88.

Canadian Life Companies Split Stock Performance

The firm’s 50 day simple moving average is C$4.71 and its 200-day simple moving average is C$3.99. The company has a debt-to-equity ratio of 230.86, a quick ratio of 1.33 and a current ratio of 1.43. The company has a market capitalization of C$43.97 million, a price-to-earnings ratio of 3.86 and a beta of 3.02.

Canadian Life Companies Split Company Profile

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.