Pure Multi-Family REIT (CVE:RUF.U) Stock Price Down 1.2% – Here’s What Happened

Pure Multi-Family REIT LP (CVE:RUF.U)’s share price fell 1.2% on Tuesday. The stock traded as low as C$6.43 and last traded at C$6.43. Approximately 800 shares changed hands during trading, a decline of 85% from the average daily volume of 5,401 shares. The stock had previously closed at C$6.51.

Pure Multi-Family REIT Price Performance

The stock’s 50-day moving average is C$6.43 and its 200-day moving average is C$6.43.

Pure Multi-Family REIT Company Profile

Pure Multi-Family REIT LP (Pure Multi) is a Canada-based company, which invests in multi-family real estate properties in the United States. The Company offers investors exposure to the United States multifamily real estate assets. It offers investors the ability to participate in monthly distributions, with potential for capital appreciation, stemming from ownership of quality apartment assets located in core cities within the Southwestern and Southeastern portions of the United States, including states, such as Texas, Arizona, Georgia and Nevada (collectively, the Sunbelt).