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Monthly: Richelieu Hardware drops 15% on high volatility

Apr 30, 2019 - News Bites Canadian Markets
Board and Executive Moves-Financial Results

CANADIAN MONTHLY STOCK REPORT

Richelieu Hardware (TSX:RCH), Canada's 2nd largest Manufacturing - apparel & furniture company by market cap, traded between an intra-month high of CAD24.70 and a four-month low of CAD20.43. In April its volatility (highest price minus lowest price/lowest price) of 20.9% was 1.55 times average monthly volatility of 13.5%, up from 7.3% in March and 8.6% in March. The stock fell for a second month on Tuesday bringing its a two-month fall to CAD2.70 or 11.5%. The...