Slate Office REIT (TSE:SOT.UN) Stock Price Up 53.7% – Here’s Why

Slate Office REIT (TSE:SOT.UNGet Free Report)’s stock price shot up 53.7% during mid-day trading on Saturday . 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 748% from the average session volume of 88,969 shares. The stock had previously closed at C$0.41.

Slate Office REIT Stock Up 53.7 %

The company has a quick ratio of 0.14, a current ratio of 0.47 and a debt-to-equity ratio of 329.26. The business’s fifty day moving average is C$0.51 and its two-hundred day moving average is C$0.44. The stock has a market cap of C$50.64 million, a price-to-earnings ratio of -0.19 and a beta of 1.35.

About Slate Office REIT

(Get Free Report)

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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