Urbanfund (CVE:UFC) Trading Up 6.1% – Still a Buy?

Urbanfund Corp. (CVE:UFC) shares shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as C$0.87 and last traded at C$0.87. 3,724 shares were traded during mid-day trading, a decline of 54% from the average session volume of 8,163 shares. The stock had previously closed at C$0.82.

Urbanfund Trading Up 6.1%

The firm has a market capitalization of C$46.82 million, a PE ratio of 5.69 and a beta of -0.06. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt-to-equity ratio of 63.57. The company’s 50-day simple moving average is C$0.89 and its 200 day simple moving average is C$0.86.

About Urbanfund

Urbanfund Corp. owns, develops, and operates a real estate portfolio for residential and commercial properties in Canada. The company focuses on identifying, evaluating, and investing in real estate and real estate related projects. Its assets are located in Toronto, Belleville, and London, Ontario; and Quebec City and Montreal, Quebec. Urbanfund Corp. was incorporated in 1997 and is headquartered in Toronto, Canada.