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Russel Metals increases 1.5%, 2 days' volume in a day March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Russel Metals Inc. (TSX:RUS), Canada's largest Steel company by market cap, has increased 41.0c (1.5%) from its last trading session of February 28 to close at CAD26.94. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the relative price increase was 0.3%. The rise has been propped up by robust volume of 1.7 times the average daily volume of 262,235 shares.

SECTION 1

RUSSEL METALS BULLISH SIGNALS

1.1 Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.1. Compared with the rest of the market the stock is underva...