Black Diamond Group Ltd (TSE:BDI)’s share price traded up 0% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as C$2.30 and last traded at C$2.23. 288,482 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 235,076 shares. The stock had previously closed at C$2.23.

Specifically, insider Edward James Kernaghan purchased 115,000 shares of Black Diamond Group stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of C$2.11 per share, for a total transaction of C$242,650.00. In the last 90 days, insiders bought 478,700 shares of company stock valued at $1,027,586.

Several research analysts recently commented on the stock. National Bank Financial reduced their price objective on shares of Black Diamond Group from C$2.40 to C$2.30 and set a “sector perform” rating for the company in a research note on Monday, December 11th. Raymond James Financial reduced their price objective on shares of Black Diamond Group from C$2.80 to C$2.45 and set an “outperform” rating for the company in a research note on Friday, December 8th. Royal Bank of Canada reduced their price objective on shares of Black Diamond Group from C$3.50 to C$2.50 and set a “sector perform” rating for the company in a research note on Friday, November 10th. Clarus Securities lowered shares of Black Diamond Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Scotiabank reduced their price objective on shares of Black Diamond Group from C$2.25 to C$2.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Black Diamond Group presently has a consensus rating of “Hold” and an average price target of C$2.86.

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About Black Diamond Group

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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