Fortress Paper Ltd. (TSE:FTP)’s share price shot up 1.3% on Thursday . The stock traded as high as C$3.96 and last traded at C$3.95. 2,400 shares changed hands 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 raised 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 stock has a market capitalization of $58.66, a price-to-earnings ratio of -2.13 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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