Shares of The GPT Group (OTCMKTS:GPTGF – Get Free Report) shot up 18% on Thursday . The stock traded as high as $3.35 and last traded at $3.35. 1,240 shares were traded during mid-day trading, an increase of 116% from the average session volume of 574 shares. The stock had previously closed at $2.84.
The GPT Group Price Performance
The company’s 50-day moving average is $3.37 and its two-hundred day moving average is $3.46.
The GPT Group Company Profile
The GPT Group is a diversified Australian property trust specializing in the ownership, management and development of retail, office and logistics assets. Established in 1971 as the General Property Trust, the company has evolved into one of Australia’s leading real estate investment trusts (REITs). Headquartered in Sydney, GPT is listed on the Australian Securities Exchange (ASX: GPT) and its American Depositary Receipts trade on the OTC market under the ticker GPTGF.
GPT’s portfolio spans major metropolitan centres across Australia, including Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.
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