Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Trading 2.6% Higher – Still a Buy?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY)’s share price was up 2.6% during trading on Tuesday . The stock traded as high as C$12.43 and last traded at C$12.43. Approximately 415 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 2,905 shares. The stock had previously closed at C$12.11.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 2.6%

The firm’s 50-day moving average price is C$12.75 and its two-hundred day moving average price is C$13.38.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forestry and paper products company whose American depositary shares trade over the counter under the symbol SCABY. The company’s core operations encompass sustainable forest management, pulp production and the manufacture of renewable packaging materials. SCA positions itself as a provider of high‐quality containerboard, corrugated packaging solutions and market pulp, serving a range of industries from food and beverage to e-commerce logistics.

SCA manages one of Europe’s largest private forest estates, principally located in northern Sweden, where it applies certified sustainable practices to balance wood production, biodiversity and carbon sequestration.