Slate Office REIT (TSE:SOT.UN – Get Free Report) shares shot up 53.7% during trading on Saturday . The stock traded as high as C$0.65 and last traded at C$0.63. 754,588 shares traded hands during mid-day trading, an increase of 748% from the average session volume of 88,969 shares. The stock had previously closed at C$0.41.
Slate Office REIT Price Performance
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 company has a 50 day simple moving average of C$0.51 and a 200 day simple moving average of C$0.44. The stock has a market cap of C$50.64 million, a P/E 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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