Melcor Developments (TSE:MRD) Shares Cross Above 200-Day Moving Average of $11.57

Melcor Developments Ltd. (TSE:MRDGet Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.57 and traded as high as C$11.74. Melcor Developments shares last traded at C$11.55, with a volume of 6,609 shares traded.

Melcor Developments Stock Performance

The business has a 50-day moving average price of C$11.48 and a 200-day moving average price of C$11.57. The firm has a market capitalization of C$356.11 million, a price-to-earnings ratio of 4.10 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 9.60 and a debt-to-equity ratio of 54.87.

Melcor Developments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 29th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Thursday, December 14th. Melcor Developments’s payout ratio is 22.54%.

Insider Activity at Melcor Developments

In other Melcor Developments news, Director Timothy Charles Melton sold 10,430 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$11.12, for a total transaction of C$115,957.61. In related news, Senior Officer Graeme Melton sold 4,775 shares of Melcor Developments stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$11.12, for a total value of C$53,087.02. Also, Director Timothy Charles Melton sold 10,430 shares of Melcor Developments stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$11.12, for a total transaction of C$115,957.61. Insiders have sold a total of 15,212 shares of company stock valued at $169,122 in the last ninety days. Company insiders own 64.61% of the company’s stock.

About Melcor Developments

(Get Free Report)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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