European Commercial REIT (CVE:ERE) Trading Up 42.9% – Time to Buy?

European Commercial REIT (CVE:ERE)’s share price shot up 42.9% on Friday . The stock traded as high as C$0.25 and last traded at C$0.25. 7,400 shares traded 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 Price Performance

The company’s 50 day simple moving average is C$0.25 and its two-hundred 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.