Shares of Slate Office REIT (TSE:SOT.UN – Get Free Report) rose 53.7% during trading on Saturday . The stock traded as high as C$0.65 and last traded at C$0.63. Approximately 754,588 shares traded 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 Trading Up 53.7 %
The business has a 50 day moving average of C$0.51 and a 200 day moving average of C$0.44. The firm 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 quick ratio of 0.14, a current ratio of 0.47 and a debt-to-equity ratio of 329.26.
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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