Melcor Real Estate Investment Trust (TSE:MR.UN) Director Laurence Malcolm Pollock Purchases 5,000 Shares

Melcor Real Estate Investment Trust (TSE:MR.UN) Director Laurence Malcolm Pollock bought 5,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of C$7.64 per share, for a total transaction of C$38,224.00. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at C$649,808.

Shares of TSE:MR.UN traded down C$0.03 during trading on Friday, reaching C$7.62. 422 shares of the stock were exchanged, compared to its average volume of 12,879. The company has a debt-to-equity ratio of 205.24, a quick ratio of 0.03 and a current ratio of 0.06. Melcor Real Estate Investment Trust has a 1-year low of C$6.76 and a 1-year high of C$8.47. The stock has a fifty day moving average price of C$7.68. The stock has a market capitalization of $100.48 million and a price-to-earnings ratio of 24.90.

Melcor Real Estate Investment Trust Company Profile

Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canadian markets. Its portfolio is currently made up of interests in 38 properties representing approximately 2.93 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan; and Kelowna, British Columbia.

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