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Melcor Real Estate Investment Trust (TSE:MR.UN) Stock Price Passes Above 50 Day Moving Average - Here's Why

Melcor Real Estate Investment Trust logo with Real Estate background

Melcor Real Estate Investment Trust (TSE:MR.UN - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.43 and traded as high as C$4.90. Melcor Real Estate Investment Trust shares last traded at C$4.87, with a volume of 76,437 shares.

Melcor Real Estate Investment Trust Stock Performance

The stock's fifty day simple moving average is C$4.46 and its 200-day simple moving average is C$3.45. The company has a debt-to-equity ratio of 206.96, a current ratio of 0.49 and a quick ratio of 0.03. The firm has a market cap of C$63.50 million, a PE ratio of -487.00 and a beta of 2.18.

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.

Further Reading

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