Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Up 18.3% – Should You Buy?

Inovalis Real Estate Investment Trust (TSE:INO.UN) shares traded up 18.3% during mid-day trading on Wednesday . The company traded as high as C$1.10 and last traded at C$1.10. 123,767 shares were traded during mid-day trading, an increase of 309% from the average session volume of 30,275 shares. The stock had previously closed at C$0.93.

Inovalis Real Estate Investment Trust Stock Up 12.9%

The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s 50 day simple moving average is C$0.82 and its 200 day simple moving average is C$0.85. The firm has a market cap of C$34.87 million, a P/E ratio of -0.79 and a beta of 0.78.

Inovalis Real Estate Investment Trust Company Profile

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany. The majority of its revenue is generated from rental income in France.