Urbanfund (CVE:UFC) Stock Price Up 2.4% – Here’s Why

Urbanfund Corp. (CVE:UFCGet Free Report)’s stock price traded up 2.4% during trading on Wednesday . The stock traded as high as C$0.87 and last traded at C$0.84. 1,723 shares were traded during trading, a decline of 58% from the average session volume of 4,144 shares. The stock had previously closed at C$0.82.

Urbanfund Trading Up 2.4%

The stock’s fifty day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.83. The firm has a market cap of C$45.20 million, a PE ratio of 5.49 and a beta of 0.22. The company has a quick ratio of 0.47, a current ratio of 1.21 and a debt-to-equity ratio of 70.76.

Urbanfund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.0125 dividend. This represents a $0.05 annualized dividend and a yield of 6.0%. Urbanfund’s dividend payout ratio (DPR) is 32.68%.

About Urbanfund

(Get Free Report)

Urbanfund Corp. owns, develops, and operates a real estate portfolio for residential and commercial properties in Canada. The company focuses on identifying, evaluating, and investing in real estate and real estate related projects. Its assets are located in Toronto, Belleville, and London, Ontario; and Quebec City and Montreal, Quebec.

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