Slate Office REIT (TSE:SOT.UN) Stock Price Up 53.7% – Should You Buy?

Slate Office REIT (TSE:SOT.UN) shares shot up 53.7% during trading on Friday . The stock traded as high as C$0.65 and last traded at C$0.63. 754,588 shares traded hands 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 Trading Up 53.7 %

The company has a market cap of C$50.64 million, a price-to-earnings ratio of -0.19 and a beta of 1.35. The company’s 50 day moving average price is C$0.51 and its 200 day moving average price is C$0.44. The company has a debt-to-equity ratio of 329.26, a quick ratio of 0.14 and a current ratio of 0.47.

Slate Office REIT Company Profile

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.