Madison Pacific Properties (TSE:MPC) Trading 3.3% Higher – Here’s What Happened

Shares of Madison Pacific Properties Inc. (TSE:MPC) shot up 3.3% on Friday . The company traded as high as C$4.97 and last traded at C$4.97. 101 shares changed hands during trading, a decline of 93% from the average session volume of 1,412 shares. The stock had previously closed at C$4.81.

Madison Pacific Properties Price Performance

The business has a fifty day simple moving average of C$4.86 and a two-hundred day simple moving average of C$5.14. The company has a current ratio of 0.18, a quick ratio of 0.43 and a debt-to-equity ratio of 83.43. The stock has a market cap of C$295.53 million, a PE ratio of 11.30 and a beta of 0.27.

Madison Pacific Properties Company Profile

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.