Fortress Paper Ltd. (FTP) Stock Price Up 5.8%
Shares of Fortress Paper Ltd. (TSE:FTP) rose 5.8% during mid-day trading on Tuesday . The company traded as high as C$4.76 and last traded at C$4.76. Approximately 16,900 shares traded hands during mid-day trading, an increase of 149% from the average daily volume of 6,781 shares. The stock had previously closed at C$4.50.
The stock’s 50 day moving average price is $5.05 and its 200-day moving average price is $6.24. The firm has a market cap of $66.87 million and a PE ratio of 8.37.
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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