Pure Multi-Family REIT (CVE:RUF.U) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Pure Multi-Family REIT LP (CVE:RUF.U) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.43 and traded as low as C$6.43. Pure Multi-Family REIT shares last traded at C$6.43, with a volume of 800 shares traded.

Pure Multi-Family REIT Price Performance

The firm’s 50-day moving average is C$6.43 and its two-hundred day moving average is C$6.43.

About Pure Multi-Family REIT

Pure Multi-Family REIT LP (Pure Multi) is a Canada-based company, which invests in multi-family real estate properties in the United States. The Company offers investors exposure to the United States multifamily real estate assets. It offers investors the ability to participate in monthly distributions, with potential for capital appreciation, stemming from ownership of quality apartment assets located in core cities within the Southwestern and Southeastern portions of the United States, including states, such as Texas, Arizona, Georgia and Nevada (collectively, the Sunbelt).