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

Key Points

• Shares rose 3.3% to C$4.97 midday, but trading was thin with only 101 shares changing hands—about a 93% drop from the average session volume.
• Key financials show a market cap of C$295.53M and a PE of 11.30, alongside a high debt-to-equity of 83.43 and weak liquidity (current ratio 0.18, quick ratio 0.43); the 50-day MA is C$4.86 vs a 200-day MA of C$5.14.
• Madison Pacific Properties is a Western Canada real estate company that owns, develops and operates office, industrial, commercial and multi-family properties and also invests in residential joint ventures, deriving revenue from rentals and property management.

Madison Pacific Properties Inc. (TSE:MPC - ) shares traded up 3.3% during mid-day trading on Friday . The stock traded as high as C$4.97 and last traded at C$4.97. 101 shares traded 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 Stock Up 3.3%

The company has a debt-to-equity ratio of 83.43, a current ratio of 0.18 and a quick ratio of 0.43. The stock has a market capitalization of C$295.53 million, a PE ratio of 11.30 and a beta of 0.27. The company has a 50 day moving average price of C$4.86 and a 200-day moving average price of C$5.14.

About Madison Pacific Properties

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.

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