Melcor Real Estate Investment Trust (TSE:MR.UN) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Melcor Real Estate Investment Trust (TSE:MR.UNGet Free Report)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.43 and traded as high as C$4.90. Melcor Real Estate Investment Trust shares last traded at C$4.87, with a volume of 76,437 shares changing hands.

Melcor Real Estate Investment Trust Price Performance

The company has a market capitalization of C$63.12 million, a price-to-earnings ratio of -487.00 and a beta of 2.18. The company has a current ratio of 0.49, a quick ratio of 0.03 and a debt-to-equity ratio of 206.96. The company has a 50 day moving average price of C$4.43 and a 200 day moving average price of C$3.43.

Melcor Real Estate Investment Trust Company Profile

(Get Free Report)

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

Featured Stories

Receive News & Ratings for Melcor Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melcor Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.