Slate Office REIT (TSE:SOT.UN – Get Free Report)’s share price rose 53.7% on Friday . The stock traded as high as C$0.65 and last traded at C$0.63. Approximately 754,588 shares traded hands during mid-day trading, an increase of 748% from the average daily volume of 88,969 shares. The stock had previously closed at C$0.41.
Slate Office REIT Stock Performance
The company’s 50-day moving average is C$0.51 and its two-hundred day moving average is C$0.44. The company has a market capitalization of C$50.64 million, a P/E ratio of -0.19 and a beta of 1.35. The company has a quick ratio of 0.14, a current ratio of 0.47 and a debt-to-equity ratio of 329.26.
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.
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