Stock of The Day: MFC Bancorp Ltd Can’t Be More Safe. Trades Significantly Higher

Stock of The Day: MFC Bancorp Ltd Can't Be More Safe. Trades Significantly Higher

The stock of MFC Bancorp Ltd (NYSE:MFCB) is a huge mover today! The stock increased 13.26% or $0.24 on November 25, hitting $2.05. About 151,342 shares traded hands or 264.77% up from the average. MFC Bancorp Ltd (NYSE:MFCB) has declined 0.55% since April 22, 2016 and is downtrending. It has underperformed by 5.96% the S&P500.
The move comes after 7 months positive chart setup for the $127.61 million company. It was reported on Nov, 25 by Barchart.com. We have $2.19 PT which if reached, will make NYSE:MFCB worth $8.93M more.

Analysts await MFC Bancorp Ltd (NYSE:MFCB) to report earnings on May, 1.

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 Nine Months Ended September …” on November 15, 2016, also Prnewswire.com with their article: “MFC Bancorp Ltd. Reports Results For The Year Ended December 31, 2015” published on May 02, 2016, Prnewswire.com published: “MFC Industrial Completes Acquisition Of Western European Bank And Announces …” on February 01, 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 Seekingalpha.com‘s news article titled: “MFC Bancorp: Filing Delay, Operational Changes And Obscurity Provide Stock On Sale” with publication date: April 20, 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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