The Senior Officer of Melcor Developments (Other OTC: MODVF) is Selling Shares

Today, the Senior Officer of Melcor Developments (MODVFResearch Report), Graeme Melton, sold shares of MODVF for $30.69K.

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Based on Melcor Developments’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $73.05 million and quarterly net profit of $7.53 million. In comparison, last year the company earned revenue of $53.95 million and had a net profit of $16.07 million. The company has a one-year high of $9.72 and a one-year low of $4.15. MODVF’s market cap is $262 million and the company has a P/E ratio of 12.90.

The insider sentiment on Melcor Developments has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Graeme Melton’s trades have generated a 17.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Melcor Developments Ltd is a real estate development and asset management company. It 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; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites.