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

Madison Pacific Properties Inc. (TSE:MPCGet Free Report) shares hit 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 traded. The stock had previously closed at C$5.00.

Madison Pacific Properties Price Performance

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

Insider Buying and Selling

In related news, insider Madison Venture Corporation acquired 5,500 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was purchased 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 owned by corporate insiders.

Madison Pacific Properties Company Profile

(Get Free Report)

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.

Further Reading

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