Melcor Real Estate Investment Trust (TSE:MR.UN)’s stock price hit a new 52-week low during trading on Tuesday after CIBC lowered their price target on the stock from C$8.00 to C$6.00. The company traded as low as C$2.75 and last traded at C$3.00, with a volume of 52749 shares. The stock had previously closed at C$2.82.
The company has a market cap of $36.51 million and a price-to-earnings ratio of -69.50. The business’s fifty day moving average price is C$7.05 and its 200 day moving average price is C$7.73. The company has a debt-to-equity ratio of 236.55, a current ratio of 0.08 and a quick ratio of 0.05.
About Melcor Real Estate Investment Trust (TSE:MR.UN)
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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