The stock of GMP Capital Inc. (TSE:GMP) is a huge mover today! About 110,930 shares traded hands or 534.36% up from the average. GMP Capital Inc. (TSE:GMP) has declined 4.18% since March 24, 2016 and is downtrending. It has underperformed by 7.65% the S&P500.
The move comes after 5 months positive chart setup for the $388.89 million company. It was reported on Oct, 31 by Barchart.com. We have $12.24 PT which if reached, will make TSE:GMP worth $630.00M more.
More recent GMP Capital Inc. (TSE:GMP) news were published by: Business.Financialpost.com which released: “GMP Capital Inc to cut 97 jobs, suspend dividend, exit U.K. and Australia” on January 13, 2016. Also Wsj.com published the news titled: “GMP Capital, Desjardins Capital Markets Make Some Key Hirings” on March 01, 2016. Theglobeandmail.com‘s news article titled: “GMP, FirstEnergy cut staff with ink on deal barely dry” with publication date: August 17, 2016 was also an interesting one.
GMP Capital Inc. is a diversified financial services firm. The company has a market cap of $388.89 million. The Firm provides a range of financial services and products to a client base that includes corporate clients, institutional investors and high-net-worth individuals in two integrated divisions. It currently has negative earnings. The Firm operates in two divisions: Capital Markets and Wealth Management.
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