Suntec Real Estate Investment Trust (OTCMKTS:SURVF) Stock Price Up 1% - Still a Buy?

Key Points

• Suntec Real Estate Investment Trust's shares increased by 1%, trading at $0.94 after reaching a high of $0.98.
• The trading volume was significantly reduced, with only 536 shares exchanged, marking a 93% decline from the average daily volume.
• The REIT manages key properties in Suntec City, which is Singapore's largest integrated commercial development, including significant stakes in notable financial and exhibition centers.

Suntec Real Estate Investment Trust (OTCMKTS:SURVF - Get Free Report) shares traded up 1% during mid-day trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.94. 536 shares were traded during trading, a decline of 93% from the average session volume of 7,687 shares. The stock had previously closed at $0.93.

Suntec Real Estate Investment Trust Stock Performance

The company has a fifty day moving average of $0.88 and a two-hundred day moving average of $0.86.

About Suntec Real Estate Investment Trust

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.