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Melcor Real Estate Investment Trust (TSE:MR.UN) Shares Cross Above 50-Day Moving Average - Here's What Happened

Melcor Real Estate Investment Trust logo with Real Estate background

Melcor Real Estate Investment Trust (TSE:MR.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.04 and traded as high as C$5.24. Melcor Real Estate Investment Trust shares last traded at C$5.24, with a volume of 91,287 shares.

Melcor Real Estate Investment Trust Stock Up 0.2 %

The company has a market capitalization of C$68.04 million, a price-to-earnings ratio of -525.00 and a beta of 2.18. 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 business has a 50-day moving average price of C$5.05 and a 200-day moving average price of C$4.07.

About Melcor Real Estate Investment Trust

(Get Free Report)

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

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