Invesque Inc. (TSE:IVQ – Get Free Report)’s share price rose 42.1% on Thursday. The stock traded as high as C$0.14 and last traded at C$0.14. 346,039 shares changed hands during mid-day trading, an increase of 721% from the average session volume of 42,127 shares. The stock had previously closed at C$0.10.
Invesque Stock Up 36.8%
The business’s 50 day simple moving average is C$0.11 and its 200-day simple moving average is C$0.12. The company has a debt-to-equity ratio of 471.30, a quick ratio of 0.35 and a current ratio of 0.77. The company has a market cap of C$118.76 million, a price-to-earnings ratio of -3.25 and a beta of 1.40.
About Invesque
Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic will continue to utilize health care services in growing proportion to the overall economy. The Company currently capitalizes on this opportunity by investing in a portfolio of income-generating, private pay seniors housing communities. Invesque’s portfolio includes investments in independent living, assisted living, and memory care, which are operated under joint venture arrangements with industry-leading operating partners and in owner-occupied seniors housing properties in which the Company owns the real estate, and the licensed operations.
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