Melcor Real Estate Investment Trust (TSE:MR.UN) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Melcor Real Estate Investment Trust (TSE:MR.UNGet Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Melcor Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$67.91 million, a P/E ratio of -524.00 and a beta of 2.18. The stock has a fifty day moving average of C$5.04 and a 200-day moving average of C$4.05. The company has a quick ratio of 0.03, a current ratio of 0.49 and a debt-to-equity ratio of 206.96.

Melcor Real Estate Investment Trust Company Profile

(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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