LXI REIT (OTCMKTS:LXILF) Stock Price Down 25.6%

LXI REIT plc (OTCMKTS:LXILFGet Free Report)’s share price dropped 25.6% during mid-day trading on Friday . The company traded as low as C$1.19 and last traded at C$1.19. Approximately 1,726 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 14,385 shares. The stock had previously closed at C$1.60.

LXI REIT Stock Down 25.6 %

The business’s 50 day moving average price is C$1.16 and its 200 day moving average price is C$1.22.

About LXI REIT

(Get Free Report)

LXI REIT plc invests in commercial property assets predominantly in the UK, let, or pre-let, on long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of robust property sectors. The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place.

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