Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Sees Large Volume Increase – Should You Buy?

Suntec Real Estate Investment Trust (OTCMKTS:SURVFGet Free Report) saw an uptick in trading volume on Friday . 5,000 shares were traded during mid-day trading, an increase of 226% from the previous session’s volume of 1,533 shares.The stock last traded at $1.21 and had previously closed at $1.20.

Suntec Real Estate Investment Trust Price Performance

The firm has a 50-day simple moving average of $1.02 and a 200 day simple moving average of $0.98.

Suntec Real Estate Investment Trust Company Profile

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Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.

In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.

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