European Commercial REIT (CVE:ERE) Stock Price Up 42.9% – Should You Buy?

European Commercial REIT (CVE:ERE)’s share price shot up 42.9% during trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. 7,400 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 62,141 shares. The stock had previously closed at C$0.18.

European Commercial REIT Stock Up 42.9%

The stock’s 50 day moving average is C$0.25 and its 200 day moving average is C$0.25.

About European Commercial REIT

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.