Dominion Lending Centres (OTCMKTS:BRLGF) Stock Falls 6.2% – Here’s Why

Shares of Dominion Lending Centres Inc. (OTCMKTS:BRLGF) dropped 6.2% on Thursday. The company traded as low as $5.32 and last traded at $5.32. 247 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 334 shares. The stock had previously closed at $5.67.

Analysts Set New Price Targets

Separately, National Bank Financial began coverage on shares of Dominion Lending Centres in a report on Monday, June 29th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Dominion Lending Centres currently has a consensus rating of “Buy”.

Dominion Lending Centres Stock Down 6.2%

The company has a 50 day moving average of $5.95 and a 200 day moving average of $6.30.

Dominion Lending Centres Company Profile

Dominion Lending Centres Inc is a Canadian mortgage brokerage network that connects consumers and businesses with a broad range of mortgage lenders. Through its network of mortgage professionals and independently operated offices, the company assists clients with arranging residential mortgages, refinancing, renewals and other home-financing solutions.

The company also supports mortgage brokers with lender access, technology, marketing resources, training and administrative services. Its offerings may include financing for home purchases, investment properties and commercial real estate, depending on the capabilities of individual brokers and offices.

Founded in 2006, Dominion Lending Centres serves clients across Canada through a nationwide network of mortgage professionals.