Canfor (OTCMKTS:CFPZF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Canfor Co. (OTCMKTS:CFPZFGet Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.43 and traded as high as $9.23. Canfor shares last traded at $9.06, with a volume of 23,301 shares traded.

Canfor Trading Up 6.2%

The stock has a fifty day moving average of $8.43 and a two-hundred day moving average of $9.26.

Canfor Company Profile

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Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.

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