Slate Office REIT (TSE:SOT.UN) Trading 53.7% Higher – Here’s What Happened

Slate Office REIT (TSE:SOT.UN) shot up 53.7% during trading on Saturday . The company traded as high as C$0.65 and last traded at C$0.63. 754,588 shares changed hands during mid-day 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 Up 53.7 %

The company has a quick ratio of 0.14, a current ratio of 0.47 and a debt-to-equity ratio of 329.26. 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 business has a 50-day moving average price of C$0.51 and a 200-day moving average price of 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.