RBC, Melcor at 52-Week Highs on News

Royal Bank of Canada (T.RY) hit a new 52-week high of $117.53 on Tuesday. As the pandemic makes the school-to-work transition harder than ever, RBC again welcomes a diverse group of 1,400+ summer students to virtual placements across its global businesses and functions starting in May. A recent report by RBC Future Launch reveals that more than half of young working Canadians have faced severe job interruptions (reduced hours or termination) due to COVID-19. That's why RBC remains committed to helping young people establish the skills, work experience and networks they need to start and accelerate their careers.

Melcor Developments Ltd. (T.MRD) hit a new 52-week high of $11.18 on Tuesday. Melcor, announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and on alternative trading systems. The notice provides that Melcor may, during the twelve-month period commencing April 1, 2021 and ending March 31, 2022, purchase for cancellation up to 1,654,553 common shares in total, being approximately 5% of its issued and outstanding common shares. The daily repurchase restriction for the common shares is 3,781.

Automotive Finco Corp. (V.AFCC) hit a new 52-week high of $1.75 on Tuesday. No news stories available today.

Algoma Central Corporation (T.ALC) hit a new 52-week high of $17.15 on Tuesday. No news stories available today.

Brookfield Asset Management Inc. (T.BAM.A) hit a new 52-week high of $57.43 on Tuesday. No news stories available today.

Direct Communication Solutions Inc. (C.DCSI) hit a new 52-week high of $2.36 on Tuesday. No news stories available today.

GT Gold Corp. (V.GTT) hit a new 52-week high of $3.22 on Tuesday. No news stories available today.

Income Financial Trust (T.INC.UN) hit a new 52-week high of $11.50 on Tuesday. No news stories available today.

Laurentian Bank of Canada (T.LB) hit a new 52-week high of $41.25 on Tuesday. No news stories available today.

Pinnacle Renewable Energy Inc. (T.PL) hit a new 52-week high of $11.19 on Tuesday. No news stories available today.