Brookfield Infrastructure Corp. Hits Day High with 6.04% Surge

Brookfield Infrastructure Corp. has experienced a notable surge today, with the stock rising by 6.04% and reaching an intraday high of CAD 64.85. This performance stands in contrast to the S&P/TSX 60, which only saw a modest increase of 0.23% on the same day. Over the past week, Brookfield Infrastructure has shown a gain of 3.57%, while the benchmark index declined by 0.48%.
In terms of longer-term performance, the stock has increased by 11.03% over the past month, although it lags behind the S&P/TSX 60's 0.41% gain. Year-to-date, Brookfield Infrastructure has recorded an 11.7% increase, compared to the S&P/TSX 60's 20.16%. However, the stock's performance over the last three years has been less favorable, with a return of -3.00%, significantly underperforming the benchmark.

Despite today's gains, Brookfield Infrastructure Corp. faces challenges, including a negative book value and a high debt-to-EBITDA ratio of 3.77 times, indicating potential difficulties in servicing its debt. The company's market capitalization stands at CAD 7,404 million, and it operates within the gas industry.