European Commercial REIT (CVE:ERE) Shares Up 42.9% – Still a Buy?

Shares of European Commercial REIT (CVE:ERE) were up 42.9% on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 7,400 shares changed hands during trading, a decline of 88% from the average daily volume of 62,141 shares. The stock had previously closed at C$0.18.

European Commercial REIT Stock Performance

The company has a 50 day moving average of C$0.25 and a two-hundred day moving average of C$0.25.

European Commercial REIT Company Profile

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.