Computer Modelling Group (CMG) Stock Price Up 1.4%

Computer Modelling Group Ltd. (TSE:CMG) shares rose 1.4% during trading on Wednesday . The company traded as high as C$9.59 and last traded at C$9.58. Approximately 58,251 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 55,389 shares. The stock had previously closed at C$9.45.

Separately, Scotiabank increased their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underperform” rating in a research report on Friday, November 10th.

The company has a market capitalization of $803.01, a PE ratio of 34.21 and a beta of 1.07.

In other Computer Modelling Group news, Director Patrick Jamieson sold 11,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of C$10.15, for a total transaction of C$111,650.00.

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Computer Modelling Group Company Profile

Computer Modelling Group Ltd. (CMG) is a Canada-based computer software technology company serving the oil and gas industry. The Company operates through the development and licensing of reservoir simulation software segment. The Company is a supplier of process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries.

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