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

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF)’s share price rose 3.6% during mid-day trading on Monday . The stock traded as high as $8.03 and last traded at $8.03. Approximately 23,231 shares traded hands during mid-day trading, an increase of 116% from the average daily volume of 10,779 shares. The stock had previously closed at $7.75.

Wall Street Analyst Weigh In

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

Doman Building Materials Group Stock Up 3.6%

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