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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Today’s Research Reports on Algoma Central, Calfrac Well Services, IBI Group and Major Drilling Group

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at http://rdinvesting.com and get exclusive access to our numerous research reports and market updates.

RDI has Initiated Coverage Today on:

Algoma Central Corporation
https://rdinvesting.com/news/?ticker=ALC.TO

Calfrac Well Services Ltd.
https://rdinvesting.com/news/?ticker=CFW.TO

IBI Group Inc.
https://rdinvesting.com/news/?ticker=IBG.TO

Major Drilling Group International Inc.
https://rdinvesting.com/news/?ticker=MDI.TO

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Algoma Central's stock edged 0.60% higher Thursday, to close the day at $15.09. The stock recorded a trading volume of 2,119 shares, which was below its three months average volume of 6,529 shares. In the last year, Algoma Central's shares have traded in a range of 11.46 - 16.04. The share price has gained 31.68% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $15.18 is greater than its 200-day moving average of $13.57. Shares of Algoma Central are trading at a Price to Earnings ratio of 21.10. Shares of Algoma Central have fallen approximately 5.92 percent year-to-date.

Access RDI's Algoma Central Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ALC.TO

On Thursday, shares of Calfrac Well Services recorded a trading volume of 241,035 shares, which was below the three months average volume of 449,133 shares. The stock ended the day 1.50% lower at 6.55. The share price has gained 193.72% from its 52-week low with a 52-week trading range of 2.23 - 7.49. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.68 is greater than its 200-day moving average of $5.34. Shares of Calfrac Well Services have gained approximately 9.53 percent year-to-date.

Access RDI's Calfrac Well Services Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=CFW.TO

IBI Group's stock edged 0.48% lower Thursday, to close the day at $8.27. The stock recorded a trading volume of 7,425 shares, which was below its three months average volume of 39,258 shares. In the last year, IBI Group's shares have traded in a range of 5.82 - 9.00. The share price has gained 42.10% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $8.57 is greater than its 200-day moving average of $7.71. Shares of the company are trading at a Price to Earnings ratio of 17.05. Shares of IBI Group have gained approximately 1.47 percent year-to-date.

Access RDI's IBI Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IBG.TO

On Thursday, shares of Major Drilling Group recorded a trading volume of 21,719 shares, which was below the three months average volume of 96,153 shares. The stock ended the day 1.22% higher at 6.65. The stock is currently trading 23.48% below its 52-week high with a 52-week trading range of 6.03 - 8.69. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $6.68 is below its 200-day moving average of $7.00. Shares of Major Drilling Group have fallen approximately 5.81 percent year-to-date.

Access RDI's Major Drilling Group International Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MDI.TO

Our Actionable Research on Algoma Central Corporation (TSX:ALC.TO), Calfrac Well Services Ltd. (TSX:CFW.TO), IBI Group Inc. (TSX:IBG.TO) and Major Drilling Group International Inc. (TSX:MDI.TO) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com