Fortress Paper (FTP) Trading 1.3% Higher

Shares of Fortress Paper Ltd. (TSE:FTP) traded up 1.3% on Thursday . The company traded as high as C$3.96 and last traded at C$3.95. 2,400 shares were traded during trading, an increase of 30% from the average session volume of 1,850 shares. The stock had previously closed at C$3.90.

Separately, Raymond James Financial increased their price target on Fortress Paper from C$4.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd.

The stock has a market capitalization of $58.66, a PE ratio of -2.14 and a beta of -1.01.

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Fortress Paper Company Profile

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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