Closing Bell: Melcor REIT up on Wednesday (MR-UN)

Melcor REIT opened trading today at $3.01 and closed at $3.02. prices ranged from a low of $3.00 to a high of $3.08.

The price advanced 0.67 percent from the previous day's close of $3.00.

During the day across North America, the TSX Composite closed -0.76% at 22639.57, the S&P 500 closed -0.16% at 5555.74, the Dow Jones Industrial Average closed -0.14% at 40358.09 and the Nasdaq Composite closed -0.06% at 17997.35.

Melcor REIT has listed on the Toronto Stock Exchange (TSX) under the ticker MR-UN.

A total of 8,930 shares was traded during the last trading day, with total trades of 22, with an average volume of 11,659 over 5 days.

Trading across the entire TSX saw 1,249 price advancers against 3,959 declines and 110 unchanged.

During the prior 52 weeks, MR-UN.TO has traded as high as $5.05 (January 29,2024) and low as $2.19 (March 04,2024). Moreover, in the last 52 weeks, Melcor REIT's shares have reduced -37.34%, while in 2024, they have shrunken -27.23%.

It announced a 0.04 dividend on January 15/24, with an January 30/24 ex-date and February 15/24 pay day.

Following today's trading, Melcor REIT has a market capitalization of $38.89 million on a float of 12,963 shares outstanding. Its annual EPS is $-0.17.

Melcor REIT is a TSX REIT company headquartered in Edmonton, CAN.

Melcor REIT's average recommendation is "Hold" based on 2.00 analysts according to Zacks. Currently, there are 2 hold ratings for the stock.

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This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..