The stock of Canadian Banc Corp (TSE:BK) is a huge mover today! About 21,600 shares traded hands or 257.85% up from the average. Canadian Banc Corp (TSE:BK) has risen 19.39% since March 28, 2016 and is uptrending. It has outperformed by 16.37% the S&P500.
The move comes after 6 months negative chart setup for the $92.10 million company. It was reported on Nov, 1 by Barchart.com. We have $10.16 PT which if reached, will make TSE:BK worth $11.05M less.
Another recent and important Canadian Banc Corp (TSE:BK) news was published by Marketwired.com which published an article titled: “Canadian Banc Corp.: Monthly Dividend Declaration for Class A & Preferred Share” on October 19, 2016.
Canadian Banc Corp. is a mutual fund company. The company has a market cap of $92.10 million. The Company’s investment objective of the preferred shares is to provide holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 0.75%, with a minimum annual rate of approximately 5.0% and a maximum annual rate of over 7% based on original issue price. It currently has negative earnings. The investment objective of the Class A shares is to provide holders with monthly cash distributions targeted to be at a rate of approximately 10% annualized based on the volume weighted average market price of the Class A shares for the last three trading days of the preceding month.
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