True North Commercial REIT (TSE:TNT.UN) Stock Price Down 0.1%
Shares of True North Commercial REIT (TSE:TNT.UN) dropped 0.1% during mid-day trading on Monday . The company traded as low as C$6.64 and last traded at C$6.67, approximately 33,831 shares changed hands during mid-day trading. A decline of 79% from the average daily volume of 161,761 shares. The stock had previously closed at C$6.68.
Separately, Royal Bank of Canada reissued a “sell” rating on shares of CI Financial in a report on Friday, May 10th.
The company has a debt-to-equity ratio of 164.34, a quick ratio of 0.03 and a current ratio of 0.07. The firm’s 50-day simple moving average is C$6.64. The company has a market cap of $383.11 million and a P/E ratio of 11.78.
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
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