True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

True North Commercial REIT (TSE:TNT.UNGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$8.95 and traded as high as C$9.00. True North Commercial REIT shares last traded at C$9.00, with a volume of 38,453 shares changing hands.

True North Commercial REIT Price Performance

The company has a market cap of C$161.66 million, a price-to-earnings ratio of -3.45 and a beta of 1.57. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The business has a 50-day moving average price of C$8.92 and a 200 day moving average price of C$10.74.

True North Commercial REIT Company Profile

(Get Free Report)

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.

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