Slate Office REIT (TSE:SOT.UN) Stock Price Up 26.8% – Still a Buy?

Slate Office REIT (TSE:SOT.UN) shot up 26.8% on Friday . The stock traded as high as C$0.52 and last traded at C$0.52. Approximately 557,754 shares changed hands during trading, an increase of 535% from the average session volume of 87,894 shares. The stock had previously closed at C$0.41.

Slate Office REIT Stock Performance

The stock has a market cap of C$50.64 million, a P/E ratio of -0.19 and a beta of 1.35. The firm has a 50 day moving average of C$0.51 and a two-hundred day moving average of C$0.44. The company has a debt-to-equity ratio of 329.26, a quick ratio of 0.14 and a current ratio of 0.47.

Slate Office REIT Company Profile

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.