Computer Modelling Group (CMG) Reaches New 12-Month Low at $6.51

Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.51 and last traded at C$6.66, with a volume of 42115 shares traded. The stock had previously closed at C$6.71.

A number of research analysts recently issued reports on CMG shares. Industrial Alliance Securities upgraded shares of Computer Modelling Group from a “hold” rating to a “buy” rating and dropped their target price for the company from C$10.50 to C$10.00 in a research report on Friday, August 10th. Royal Bank of Canada dropped their target price on shares of Computer Modelling Group from C$8.00 to C$7.00 and set an “underperform” rating on the stock in a research report on Friday, August 10th. Canaccord Genuity dropped their target price on shares of Computer Modelling Group from C$9.50 to C$8.00 in a research report on Wednesday, November 14th. Finally, BMO Capital Markets dropped their target price on shares of Computer Modelling Group from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, November 15th.

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About Computer Modelling Group (TSE:CMG)

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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