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Melcor Developments rises for a second consecutive day, a two-day rise of 3.0% March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Melcor Developments Ltd. (TSX:MRD), Canada's 15th largest Real estate services company by market cap, has risen 11.0c (0.7%) for a second consecutive day on Wednesday. This brought its two-day rise to 45.0c (3.0%), compared with the S&P/TSX 60 Index which rose 6.3 points (0.7%) in the two days for a relative price increase of 2.3%. Volume in the 2 days was 0.9 times the average daily volume of 8,300 shares. The stock last traded at CAD15.55.

SECTION 1

MELCOR DEVELOPMENTS BULLISH SIGN...