Grit Real Estate Income Group (LON:GR1T) Trading Down 12.5% – Here’s Why

Shares of Grit Real Estate Income Group Limited (LON:GR1T) traded down 12.5% on Thursday . The company traded as low as GBX 6.13 ($0.08) and last traded at GBX 6.13 ($0.08). 147,223 shares were traded during trading, a decline of 62% from the average session volume of 386,790 shares. The stock had previously closed at GBX 7 ($0.10).

Grit Real Estate Income Group Price Performance

The company has a debt-to-equity ratio of 212.34, a current ratio of 0.30 and a quick ratio of 0.24. The firm has a market cap of £42.65 million, a PE ratio of -2.31 and a beta of 0.20. The business has a fifty day moving average price of GBX 6.92 and a two-hundred day moving average price of GBX 8.62.

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.