Shares of Fortress Paper Ltd. (TSE:FTP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$4.43 and last traded at C$4.50, with a volume of 54,080 shares. The stock had previously closed at C$4.72.
The stock has a 50 day moving average price of $5.08 and a 200 day moving average price of $6.31. The company has a market capitalization of $64.30 million and a price-to-earnings ratio of 8.05.
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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