Shares of Inovalis Real Estate Investment Trust (OTCMKTS:IVREF – Get Free Report) dropped 18.1% on Thursday. The company traded as low as $0.4923 and last traded at $0.4923. 18,100 shares traded hands during trading, an increase of 3,005% from the average daily volume of 583 shares. The stock had previously closed at $0.6011.
Inovalis Real Estate Investment Trust Price Performance
The firm has a 50 day moving average of $0.60 and a 200-day moving average of $0.62.
About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust is a Canadian real estate investment trust focused on owning and managing office properties in Europe. Its portfolio has primarily consisted of commercial real estate assets in France and Germany, with an emphasis on properties that can generate rental income and benefit from active asset management.
The REIT’s activities include leasing, property operations, acquisitions, dispositions and the improvement or repositioning of office buildings. Through its operating and investment platform, Inovalis seeks to manage properties throughout their ownership cycle and to serve corporate tenants in major European markets.
Inovalis REIT was established in 2013 and has been externally managed by Inovalis SA, a real estate investment management company with operations in France and Germany.
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