Black Diamond Group Limited (BDI) Stock Price Up 1.4% Following Insider Buying Activity

Black Diamond Group Limited (TSE:BDI) shares rose 1.4% on Thursday following insider buying activity. The company traded as high as C$2.12 and last traded at C$2.11. Approximately 306,560 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 237,108 shares. The stock had previously closed at C$2.08.

Specifically, insider Edward James Kernaghan acquired 115,000 shares of Black Diamond Group Limited stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of C$2.11 per share, for a total transaction of C$242,650.00. Over the last 90 days, insiders have bought 186,400 shares of company stock valued at $383,072.

Several analysts have recently issued reports on the company. CIBC reduced their price objective on Black Diamond Group Limited from C$2.75 to C$1.75 in a research note on Thursday, August 17th. National Bank Financial cut Black Diamond Group Limited from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$4.50 to C$3.00 in a research note on Thursday, August 17th. Clarus Securities cut Black Diamond Group Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Raymond James Financial, Inc. reduced their price objective on Black Diamond Group Limited from C$4.50 to C$2.80 and set an “outperform” rating on the stock in a research note on Tuesday, August 15th. Finally, Acumen Capital reduced their price objective on Black Diamond Group Limited from C$4.50 to C$3.25 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Black Diamond Group Limited presently has a consensus rating of “Hold” and an average price target of C$2.92.

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Black Diamond Group Limited Company Profile

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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