European Commercial REIT (CVE:ERE) Trading Up 42.9% – Still a Buy?

European Commercial REIT (CVE:ERE) shot up 42.9% during mid-day trading on Monday . The company traded as high as C$0.25 and last traded at C$0.25. 7,400 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 62,141 shares. The stock had previously closed at C$0.18.

European Commercial REIT Stock Performance

The business’s 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.25.

European Commercial REIT Company Profile

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.