Dominion Lending Centres (OTCMKTS:BRLGF) Stock Falls 6.2% – Time to Sell?

Dominion Lending Centres Inc. (OTCMKTS:BRLGF) shares were down 6.2% during mid-day trading on Thursday. The stock traded as low as $5.32 and last traded at $5.32. 247 shares changed hands during trading, a decline of 26% from the average session volume of 334 shares. The stock had previously closed at $5.67.

Analysts Set New Price Targets

Separately, National Bank Financial initiated coverage on shares of Dominion Lending Centres in a report on Monday, June 29th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Dominion Lending Centres currently has an average rating of “Buy”.

Dominion Lending Centres Stock Performance

The stock has a 50 day simple moving average of $5.93 and a two-hundred day simple moving average of $6.30.

Dominion Lending Centres Company Profile

Dominion Lending Centres Inc is a Canadian mortgage brokerage network that connects consumers and businesses with a broad range of mortgage lenders. Through its network of mortgage professionals and independently operated offices, the company assists clients with arranging residential mortgages, refinancing, renewals and other home-financing solutions.

The company also supports mortgage brokers with lender access, technology, marketing resources, training and administrative services. Its offerings may include financing for home purchases, investment properties and commercial real estate, depending on the capabilities of individual brokers and offices.

Founded in 2006, Dominion Lending Centres serves clients across Canada through a nationwide network of mortgage professionals.