Slate Office REIT (TSE:SOT.UN – Get Free Report) shares were up 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 stock has a market cap 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 quick ratio of 0.14 and a current ratio of 0.47. The firm’s 50-day simple moving average is C$0.51 and its two-hundred day simple moving average is 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.
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