Element Financial Corporation (EFN:CA) Rises 6.68% for March 12

Equities Staff  |

March 12 was a positive day for Element Financial Corporation (EFN:CA) as its stock finished the day having gained 6.68% to hit a price of $5.27 a share. The company reached a market cap of 2 billion and has 380.36 million shares outstanding. Element Financial Corporation is a component of the the S&P/TSX Composite Index.

2.98 million shares changed hands over the course of the day as compared to an average volume of 3.07 million over the last 30 days for Element Financial Corporation.

Element Fleet Management Corp is a financial services company providing vehicle fleet leasing, management solutions; leasing and other secured financing for railcars; delivers financing and leasing solutions for diversified sectors and aviation financing.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Bradley Nullmeyer.

Element Financial Corporation has hit a high of $13.35 and reached a low of $4.30 over its last year of trading. The stock’s 50-day SMA is now $7.14 and 200-day SMA is $8.75. As for its price valuations, the P/E ratio is at 6.5 and P/B is now 0.65.

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Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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