MRP directors mop up shares as price slides, blackout period looms

Tue, 28 May 2013

By Paul McBeth May 29 (BusinessDesk) - MightyRiverPower directors have taken advantage of the slide in the state-controlled power company’s price since its listing, buying up shares before trading restrictions for the board kick in at the end of the month. Shares in MRP were unchanged at $2.44 today, still below their $2.50 listing price, having shed almost 11 percent from the high it reached on its debut on May 10. The stock is rated an average ‘buy’ according to a Reuters survey, with a median price target of $2.82. While some investors...

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