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Weekly: Melcor Developments keeps sliding: down 7.3% in 3 weeks

Feb 03, 2017 - News Bites Canadian Markets


Melcor Developments Ltd. (TSX:MRD), Canada's 18th largest Real Estate Services company by market cap, extended its slide in the past week ended Friday, shedding an additional 59.0c (or 4.1%) to close at CAD13.91. The shares have tumbled CAD1.09 (or 7.3%) over the past three weeks. Compared with the S&P/TSX 60 Index which fell 3.0 points (or 0.3%) in the three weeks, this represented a relative price change of -6.9%. This has been exacerbated by strong volume of...