Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Trading 1.6% Higher – Time to Buy?

Shares of Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Free Report) rose 1.6% on Friday . The company traded as high as $11.18 and last traded at $11.18. Approximately 3,250 shares traded hands during trading, a decline of 69% from the average daily volume of 10,393 shares. The stock had previously closed at $11.00.

Crombie Real Estate Investment Trust Price Performance

The stock has a 50 day moving average price of $10.81 and a 200 day moving average price of $10.81.

Crombie Real Estate Investment Trust Company Profile

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Crombie Real Estate Investment Trust is a Canada-focused, unincorporated open-ended real estate investment trust that owns and manages a diversified portfolio of retail, office and industrial properties. Headquartered in Nova Scotia, Crombie REIT concentrates on convenience-based retail properties, often anchored by grocery stores and service-oriented retailers. Its properties range from small format neighbourhood centres to larger community shopping centres that serve both urban and suburban markets.

The trust’s portfolio is geographically diversified across several Canadian provinces, including Atlantic Canada, Ontario, Quebec and Western Canada.

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