Grit Real Estate Income Group (LON:GR1T) Trading Up 1.9% – Here’s What Happened

Grit Real Estate Income Group Limited (LON:GR1T)’s share price traded up 1.9% on Wednesday . The stock traded as high as GBX 10.70 ($0.13) and last traded at GBX 10.70 ($0.13). 43,000 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 361,492 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Trading Up 1.9 %

The company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a market cap of £50.37 million, a price-to-earnings ratio of -152.86 and a beta of 0.20. The company’s 50 day simple moving average is GBX 11.49 and its two-hundred day simple moving average is GBX 14.48.

Grit Real Estate Income Group Company Profile

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.