The stock of Mainstreet Equity Corp. (TSE:MEQ) is a huge mover today! About 11,635 shares traded hands or 1092.11% up from the average. Mainstreet Equity Corp. (TSE:MEQ) has declined 3.29% since April 12, 2016 and is downtrending. It has underperformed by 7.97% the S&P500.
The move comes after 5 months negative chart setup for the $296.33 million company. It was reported on Nov, 16 by Barchart.com. We have $28.28 PT which if reached, will make TSE:MEQ worth $38.52M less.
More notable recent Mainstreet Equity Corp. (TSE:MEQ) news were published by: Cbc.ca which released: “Mainstreet Equity joins wave of businesses helping Syrian refugees” on November 25, 2015, also Business.Financialpost.com with their article: “Analysts believe Mainstreet Equity Corp’s share price still has room to rise” published on December 12, 2014, Business.Financialpost.com published: “Potential short squeeze at Mainstreet Equity as issuer bid meets large short …” on March 08, 2016. More interesting news about Mainstreet Equity Corp. (TSE:MEQ) were released by: Theglobeandmail.com and their article: “Mainstreet Equity finds opportunity in Western Canada real estate downturn” published on July 17, 2015 as well as Business.Financialpost.com‘s news article titled: “Mainstreet Equity offering ‘at least’ 200 apartment units for Syrian refugees …” with publication date: November 24, 2015.
Mainstreet Equity Corp. is a Canada real estate company. The company has a market cap of $296.33 million. The Firm is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings in four Canadian markets: Vancouver/Lower Mainland, Calgary, Edmonton and Saskatoon. It has a 16.41 P/E ratio.
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