Shares of Melcor Developments Ltd. (OTCMKTS:MODVF – Get Free Report) dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $8.95 and last traded at $8.95. Approximately 553 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,027 shares. The stock had previously closed at $9.18.
Melcor Developments Price Performance
The business has a 50 day moving average price of $9.41 and a 200-day moving average price of $9.07.
About Melcor Developments
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.
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