Acadian Timber Corp (TSE:ADN) Director Malcolm Jack L. Cecil-Cockwell bought 100,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was bought at an average price of C$14.50 per share, with a total value of C$1,450,000.00.
Shares of ADN stock traded up C$0.11 on Wednesday, reaching C$14.60. 50,018 shares of the company’s stock were exchanged, compared to its average volume of 8,507. Acadian Timber Corp has a 52 week low of C$14.25 and a 52 week high of C$20.24. The company has a debt-to-equity ratio of 33.14, a current ratio of 2.33 and a quick ratio of 2.23.
Acadian Timber (TSE:ADN) last issued its quarterly earnings results on Wednesday, October 31st. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$26.63 million for the quarter. On average, equities analysts anticipate that Acadian Timber Corp will post 1.04999992881356 earnings per share for the current fiscal year.
Separately, Raymond James reiterated an “outperform” rating and issued a C$22.00 target price on shares of Acadian Timber in a report on Thursday, November 1st.
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Acadian Timber Company Profile
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.
Further Reading: What is the 52-week high/low?
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