Melcor Developments (MRD) has notable insider buying

Melcor Developments (T:MRD)

Andrew John Melton, a Director and 10% Holder executive, acquired 2,000 Common Shares on an indirect ownership basis for registered holder BMO Nesbitt at a price of $12.675 through the public market on August 30th, 2021. This represents a $25,350 investment into the company's shares and an account share holdings change of 16.4%.

Melcor Developments Ltd. is a real estate development and asset management company. The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers and golf courses. The Company's divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing and construction of commercial properties; Investment Properties, which operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation of owned properties and property management of real estate investment trust (REIT) owned properties; the REIT, which is engaged in acquiring and owning leasable commercial and residential sites, and Recreational Properties, which owns and operates championship golf courses associated with its residential communities.