Shares of Fortress Paper Ltd. (TSE:FTP) were down 5.6% during trading on Wednesday . The company traded as low as C$5.05 and last traded at C$5.05. Approximately 8,200 shares changed hands during trading, an increase of 87% from the average daily volume of 4,394 shares. The stock had previously closed at C$5.35.
The company’s 50 day moving average price is $5.32 and its 200 day moving average price is $6.66. The firm has a market capitalization of $72.15 million and a P/E ratio of 9.03.
About Fortress Paper
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility.
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