Grit Real Estate Income Group (LON:GR1T) Trading Down 11.1% – Here’s Why

Grit Real Estate Income Group Limited (LON:GR1T) shares were down 11.1% during trading on Thursday . The company traded as low as GBX 6 and last traded at GBX 6. Approximately 104,000 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,326,452 shares. The stock had previously closed at GBX 6.75.

Grit Real Estate Income Group Trading Down 11.1%

The company has a market cap of £31.18 million, a PE ratio of -0.47 and a beta of 0.20. The company has a current ratio of 0.30, a quick ratio of 0.24 and a debt-to-equity ratio of 212.34. The stock has a 50 day moving average price of GBX 6.71 and a 200 day moving average price of GBX 6.34.

About Grit Real Estate Income Group

Grit is a leading, London-listed pan-African impact real estate investor and solutions provider. We invest in and actively manage a diverse portfolio of assets underpinned by mainly US dollar and Euro denominated long-term lease with high-quality multi-national tenants.

We leverage our deep African real estate insights and in-country expertise to offer unique real estate solutions in property development, asset and property management as well as selected co-investment opportunities for qualifying counterparties.

Through our family of partnerships, we find opportunities to drive positive social and environmental change that transcend buildings to the benefit all current stakeholders and generations to come.