Canadian Banc (TSE:BK) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Canadian Banc Corp. (TSE:BK)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.30 and traded as high as C$11.38. Canadian Banc shares last traded at C$11.33, with a volume of 60,300 shares changing hands.

Canadian Banc Trading Up 0.4 %

The company has a debt-to-equity ratio of 98.31, a quick ratio of 2.23 and a current ratio of 1.98. The stock’s 50-day simple moving average is C$11.30 and its 200-day simple moving average is C$11.07. The firm has a market capitalization of C$342.05 million, a PE ratio of 4.86 and a beta of 1.22.

About Canadian Banc

Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index.