Slate Office REIT (TSE:SOT.UN – Get Free Report)’s share price shot up 53.7% during mid-day trading on Friday . The stock traded as high as C$0.65 and last traded at C$0.63. 754,588 shares changed hands during trading, an increase of 748% from the average session 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 price is C$0.51 and its two-hundred day moving average price is C$0.44. The company has a market capitalization of C$50.64 million, a price-to-earnings ratio of -0.19 and a beta of 1.35. The company has a debt-to-equity ratio of 329.26, a current ratio of 0.47 and a quick ratio of 0.14.
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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