True North Commercial REIT (TSE:TNT.UN) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of True North Commercial REIT (TSE:TNT.UN) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

True North Commercial REIT Stock Performance

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

About True North Commercial REIT

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.