Slate Office REIT (TSE:SOT.UN) Stock Price Up 36.6% – Time to Buy?

Slate Office REIT (TSE:SOT.UN)’s stock price shot up 36.6% during trading on Friday . The stock traded as high as C$0.60 and last traded at C$0.56. 675,275 shares traded hands during mid-day trading, an increase of 663% from the average session volume of 88,530 shares. The stock had previously closed at C$0.41.

Slate Office REIT Stock Performance

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

About Slate Office REIT

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.