Grit Real Estate Income Group (LON:GR1T) Stock Price Up 1.9% – Here’s What Happened

Grit Real Estate Income Group Limited (LON:GR1T) shot up 1.9% during mid-day trading on Wednesday . The company traded as high as GBX 10.70 ($0.13) and last traded at GBX 10.70 ($0.13). 43,000 shares were traded during mid-day trading, a decline of 88% from the average session volume of 361,492 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Stock Performance

The company has a market cap of £50.37 million, a P/E ratio of -152.86 and a beta of 0.20. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 152.89. The firm has a 50 day moving average of GBX 11.40 and a 200-day moving average of GBX 14.43.

About Grit Real Estate Income Group

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.