Primary Health Properties (OTCMKTS:PHPRF) Shares Down 0.7% – Here’s Why

Primary Health Properties Plc (OTCMKTS:PHPRF)’s share price dropped 0.7% during mid-day trading on Friday . The company traded as low as C$1.27 and last traded at C$1.27. Approximately 174 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 3,062 shares. The stock had previously closed at C$1.28.

Primary Health Properties Stock Performance

The firm’s 50 day moving average price is C$1.27 and its 200 day moving average price is C$1.27.

Primary Health Properties Company Profile

Primary Health Properties (OTCMKTS: PHPRF) is a real estate investment trust that specializes in the ownership and management of primary healthcare facilities. Established in 1995 and listed on the London Stock Exchange in 1996, the company focuses on providing modern, purpose-built medical real estate designed to support general practitioners, community health providers and related healthcare services. Its portfolio comprises predominantly single-tenanted or multi-tenanted primary care buildings leased under long-term agreements to tenants such as general practice partnerships, the National Health Service (NHS), and private sector healthcare operators.

The company’s core business activities include the acquisition, development and refurbishment of primary care facilities.