Slate Office REIT (TSE:SOT.UN) Shares Up 53.7% – What’s Next?

Slate Office REIT (TSE:SOT.UNGet Free Report) traded up 53.7% during mid-day trading on Friday . The company traded as high as C$0.65 and last traded at C$0.63. 754,588 shares were traded during trading, an increase of 749% from the average session volume of 88,912 shares. The stock had previously closed at C$0.41.

Slate Office REIT Trading Up 53.7 %

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 stock 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 fifty day simple moving average of C$0.51 and a 200 day simple moving average of C$0.44.

Slate Office REIT Company Profile

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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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