Melcor Developments Ltd. (OTCMKTS:MODVF – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.24 and traded as high as $12.00. Melcor Developments shares last traded at $12.00, with a volume of 350 shares changing hands.
Melcor Developments Price Performance
The company’s 50-day moving average price is $11.24 and its 200 day moving average price is $10.84.
About Melcor Developments
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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