The stock of Reef Casino Trust (ASX:RCT) is a huge mover today! The stock increased 3.88% or $0.14 on November 18, hitting $3.75. About 14,437 shares traded hands or 253.93% up from the average. Reef Casino Trust (ASX:RCT) has risen 8.70% since April 22, 2016 and is uptrending. It has outperformed by 4.27% the S&P500.
The move comes after 5 months positive chart setup for the $183.98M company. It was reported on Nov, 18 by Barchart.com. We have $7.09 PT which if reached, will make ASX:RCT worth $163.74M more.
More news for Reef Casino Trust (ASX:RCT) were recently published by: Fool.com.Au, which released: “Reef Casino Trust sinks 35%: Could this be time to buy?” on November 24, 2014. Fool.com.Au‘s article titled: “Why Reef Casino Trust’s shares soared more than 40%” and published on November 13, 2013 is yet another important article.
Reef Casino Trust is a single purpose trust. The company has a market cap of $183.98 million. The Trust’s investment is the Reef Hotel Casino. It has a 12.92 P/E ratio. The Trust is the owner and lessor of the Reef Hotel Casino complex, which is located in Cairns, North Queensland, Australia.
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