Shares of Fortune Real Estate Investment Trust (OTCMKTS:FRIVF – Get Free Report) rose 7% on Friday . The stock traded as high as $0.6631 and last traded at $0.6631. Approximately 103 shares traded hands during trading, a decline of 98% from the average daily volume of 4,301 shares. The stock had previously closed at $0.62.
Fortune Real Estate Investment Trust Price Performance
The firm’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.61.
Fortune Real Estate Investment Trust Company Profile
Fortune Real Estate Investment Trust (OTCMKTS: FRIVF) is a Hong Kong–based real estate investment trust formed in 2005 with a focus on income-generating commercial properties. The trust’s investment portfolio comprises primarily retail shopping centres and associated car park facilities located across key districts of Hong Kong. Its assets are designed to cater to local residents as well as visitors, with property mixes that include community retail, daily necessities, dining and personal services.
Since its establishment, Fortune REIT has pursued a strategy of acquiring and actively managing a diversified retail portfolio.
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