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Element Financial oration 6.40% Cumulative 5-Year Rate Reset Preferred Shares Series E drops on high volatility February 06, 2017 17:00 EST

Feb 06, 2017 - News Bites Canadian Markets


Element Financial Corporation (TSX:EFN.PR.E) traded between an intraday low of CAD25.0 and a high of CAD25.09. The average daily volatility of 0.4% places the preference stock in the 4th quartile in the market, meaning it is the least volatile. Today its volatility (highest price minus lowest price/lowest price) of 0.4% equalled the average daily volatility, up from 0.2% on Friday and 0.2% on Thursday. The preference stock price has decreased 5.0c (0.2%) from it...