Doman Building Materials Group (OTCMKTS:CWXZF) Trading 3.6% Higher – Here’s Why

Shares of Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) traded up 3.6% during trading on Monday . The stock traded as high as $8.03 and last traded at $8.03. 23,231 shares changed hands during trading, an increase of 116% from the average session volume of 10,779 shares. The stock had previously closed at $7.75.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Doman Building Materials Group in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Doman Building Materials Group Stock Performance

The firm’s 50-day moving average is $7.44 and its 200 day moving average is $7.22.

About Doman Building Materials Group

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.