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Melcor Real Estate Investment Trust (TSE:MR.UN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Melcor Real Estate Investment Trust logo with Real Estate background
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Shares of Melcor Real Estate Investment Trust (TSE:MR.UN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.15 and traded as high as C$5.45. Melcor Real Estate Investment Trust shares last traded at C$5.43, with a volume of 1,656 shares.

Melcor Real Estate Investment Trust Stock Up 1.1 %

The company's fifty day simple moving average is C$5.38 and its 200 day simple moving average is C$5.16. The company has a quick ratio of 0.03, a current ratio of 0.49 and a debt-to-equity ratio of 206.96. The firm has a market capitalization of C$70.50 million, a PE ratio of -544.00 and a beta of 2.18.

About Melcor Real Estate Investment Trust

(Get Free Report)

Melcor Real Estate Investment Trust is an open-ended real estate investment trust. The company is engaged in acquiring, owning, and managing offices, retail and industrial properties in select target markets in Western Canada. Its objective is to provide stable and growing monthly cash distributions to unitholders by acquiring high-quality properties and diversifying its portfolio.

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