The stock of MFC Bancorp Ltd (NYSE:MFCB) is a huge mover today! About 67,679 shares traded hands or 15.80% up from the average. MFC Bancorp Ltd (NYSE:MFCB) has declined 17.20% since March 7, 2016 and is downtrending. It has underperformed by 24.79% the S&P500.
The move comes after 6 months positive chart setup for the $131.82 million company. It was reported on Oct, 10 by Barchart.com. We have $3.18 PT which if reached, will make NYSE:MFCB worth $69.86 million more.
Analysts await MFC Bancorp Ltd (NYSE:MFCB) to report earnings on November, 21.
According to Zacks Investment Research, “MFC Bancorp Ltd. is a finance and supply chain company. It provides industrial products such as metals, minerals, electricity/power, steel products, ferro-alloys, chemicals and wood products. MFC Bancorp Ltd., formerly known as MFC Industrial Ltd., is based in NEW YORK.”
More notable recent MFC Bancorp Ltd (NYSE:MFCB) news were published by: Prnewswire.com which released: “MFC Bancorp Ltd. Reports Results For The Three And Six Months Ended June 30, 2016” on August 15, 2016, also Prnewswire.com with their article: “MFC Industrial Completes Acquisition Of Western European Bank And Announces …” published on February 01, 2016, Prnewswire.com published: “MFC Bancorp Ltd. Reports Results For The Year Ended December 31, 2015” on May 02, 2016. More interesting news about MFC Bancorp Ltd (NYSE:MFCB) were released by: Quotes.Wsj.com and their article: “News MFC Bancorp Ltd.MFCB” published on February 16, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Lloyd I. Miller III acquires 25000 common shares of MFC Bancorp” with publication date: August 18, 2016.
MFCB Company Profile
MFC Bancorp Ltd., formerly MFC Industrial Ltd., incorporated on November 3, 2004, is a finance and supply chain company. The Firm facilitates the working capital and other requirements of its customers. The Company’s business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties. The Company’s business is divided into two divisions: Finance and Supply Chain, which includes its marketing activities, captive supply assets, structured solutions, financial services and proprietary investing activities, and All Other, which encompasses its corporate and other investments, and business interests. The Firm does business in multiple geographies and specializes in a range of industrial products, such as metals, ceramics, minerals, various steel products and ferro-alloys, and wood products. It also offers its clients and suppliers a range of structured finance solutions, including factoring, inventory, financing, forfaiting, marketing, and other types of risk management and financing solutions.
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