Madison Pacific Properties (TSE:MPC) Hits New 12-Month Low – Here’s What Happened

Madison Pacific Properties Inc. (TSE:MPC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.76 and last traded at C$4.76, with a volume of 200 shares trading hands. The stock had previously closed at C$5.00.

Madison Pacific Properties Stock Down 4.8 %

The stock’s 50 day moving average is C$5.32 and its 200 day moving average is C$5.38. The company has a market capitalization of C$35.03 million, a PE ratio of -5.53 and a beta of 0.36. The company has a debt-to-equity ratio of 70.03, a quick ratio of 0.43 and a current ratio of 0.29.

Insider Buying and Selling

In other news, insider Madison Venture Corporation bought 5,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of C$5.31 per share, with a total value of C$29,205.00. 75.09% of the stock is currently owned by insiders.

Madison Pacific Properties Company Profile

Madison Pacific Properties Inc, together with its subsidiaries, engages in owning, developing, and managing real estate properties in Canada. The company's property portfolio comprises office, industrial, commercial, retail, and multi-family rental real estate properties located in Metro Vancouver region, British Columbia, Calgary, Edmonton, Alberta, Sudbury, Mississauga, Monetville, and Ontario.