Fortress Paper (FTP) Stock Price Down 2.5%

Fortress Paper Ltd. (TSE:FTP)’s share price was down 2.5% on Friday . The company traded as low as C$3.99 and last traded at C$4.05. Approximately 5,400 shares changed hands during trading, an increase of 78% from the average daily volume of 3,033 shares. The stock had previously closed at C$3.95.

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

The company has a market capitalization of $58.66, a PE ratio of -2.19 and a beta of -1.01.

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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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