Slate Office REIT (TSE:SOT.UN – Get Free Report) shares rose 53.7% on Saturday . The stock traded as high as C$0.65 and last traded at C$0.63. Approximately 754,588 shares changed 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 Up 53.7 %
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 current ratio of 0.47, a quick ratio of 0.14 and a debt-to-equity ratio of 329.26. The firm has a market cap of C$50.64 million, a PE ratio of -0.19 and a beta of 1.35.
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.
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