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Melcor Developments (OTCMKTS:MODVF) Share Price Crosses Above 50 Day Moving Average of $12.44

Shares of Melcor Developments Ltd. (OTCMKTS:MODVF – Get Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.44 and traded as high as $13.61. Melcor Developments shares last traded at $13.61, with a volume of 573 shares. The firm has a fifty […]
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Melcor Developments (OTCMKTS:MODVF) Stock Passes Above Fifty Day Moving Average of $12.12

Melcor Developments Ltd. (OTCMKTS:MODVF – Get Rating) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.12 and traded as high as $13.94. Melcor Developments shares last traded at $13.94, with a volume of 1,000 shares traded. The company’s 50 day moving […]
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Royal Bank of Canada Boosts Melcor Developments (TSE:MRD) Price Target to C$19.00

Melcor Developments (TSE:MRD – Get Rating) had its price objective hoisted by Royal Bank of Canada from C$18.00 to C$19.00 in a research report released on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock. MRD opened at C$17.55 on Monday. Melcor Developments has a one year low of […]
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Melcor Developments (OTCMKTS:MODVF) Stock Passes Above Fifty Day Moving Average of $11.78

Shares of Melcor Developments Ltd. (OTCMKTS:MODVF – Get Rating) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.78 and traded as high as $13.61. Melcor Developments shares last traded at $13.61, with a volume of 548 shares traded. The firm has a […]
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Melcor Developments Ltd. (TSE:MRD) Raises Dividend to $0.14 Per Share

Melcor Developments Ltd. (TSE:MRD – Get Rating) announced a quarterly dividend on Wednesday, March 16th, Zacks reports. Investors of record on Friday, March 25th will be paid a dividend of 0.14 per share on Thursday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of […]
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Melcor Developments announces results for 2020 and increases dividend by 25% to $0.10 per share

% 2020 revenue grew by 9% as a result of growth in Community Development division revenue. Our Harmony community in the US contributed $34.16 million to revenue as we both developed and sold out our second phase (181 lots). We also sold additional lots in phase one and have only four lots remaining and they are reserved for a future showhome parade. US revenue, which includes both investment properties and residential development, made up 22% of total revenue. Our portfolio of income properties...
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