Shares of Melcor Developments Ltd. (OTCMKTS:MODVF – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.26 and traded as low as $12.9025. Melcor Developments shares last traded at $12.9025, with a volume of 206 shares trading hands.
Melcor Developments Trading Down 1.1%
The business has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $12.52.
Melcor Developments Company Profile
Melcor Developments Ltd (OTCMKTS: MODVF) is a Canadian real estate development and property management company headquartered in Edmonton, Alberta. The firm specializes in master-planned residential and commercial communities, offering land development, construction, leasing and property management services. Its diversified portfolio encompasses single-family lots, multi-family residential projects, shopping centres, industrial parks and office complexes.
Originally founded in 1923 as a contracting business serving western Canada, Melcor transitioned into land development in the mid-20th century and went public on the Toronto Stock Exchange in 1968.
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