Melcor Real Estate Investment Trust (TSE:MR.UN) Hits New 1-Year High – Time to Buy?

Melcor Real Estate Investment Trust (TSE:MR.UNGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.40 and last traded at C$5.28, with a volume of 212160 shares traded. The stock had previously closed at C$4.85.

Melcor Real Estate Investment Trust Price Performance

The firm has a 50-day moving average of C$4.88 and a 200-day moving average of C$3.65. 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 stock has a market cap of C$68.95 million, a PE ratio of -530.00 and a beta of 2.18.

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.

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