Mainstreet Equity Corp. (TSE:MEQ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$39.94 and last traded at C$38.79, with a volume of 200 shares trading hands. The stock had previously closed at C$38.79.

Separately, TD Securities boosted their price target on shares of Mainstreet Equity from C$39.00 to C$44.00 and gave the company a “hold” rating in a research note on Thursday.

In related news, Director Joe Amantea sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of C$34.05, for a total transaction of C$34,050.00.

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About Mainstreet Equity

Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon.

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