Grit Real Estate Income Group (LON:GR1T) Shares Up 1.9% – What’s Next?

Shares of Grit Real Estate Income Group Limited (LON:GR1T) rose 1.9% during trading on Wednesday . The stock traded as high as GBX 10.70 ($0.13) and last traded at GBX 10.70 ($0.13). Approximately 43,000 shares changed hands during trading, a decline of 88% from the average daily volume of 361,492 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Stock Up 1.9 %

The business’s fifty day moving average price is GBX 11.40 and its two-hundred day moving average price is GBX 14.43. The company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The firm has a market capitalization of £50.37 million, a P/E ratio of -152.86 and a beta of 0.20.

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.