Fortress Paper Ltd. (TSE:FTP) traded down 4.1% on Friday . The stock traded as low as C$3.75 and last traded at C$3.81. 1,030 shares were traded during mid-day trading, a decline of 69% from the average session volume of 3,331 shares. The stock had previously closed at C$3.66.
Separately, Raymond James Financial increased 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 research note on Friday, December 22nd.
The company has a market cap of $52.15, a P/E ratio of -1.98 and a beta of -1.02.
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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