Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Up 3.9% – Still a Buy?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) shares were up 3.9% during mid-day trading on Tuesday . The stock traded as high as $10.9050 and last traded at $10.9050. Approximately 424 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,815 shares. The stock had previously closed at $10.50.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

The firm’s fifty day moving average is $11.35 and its 200-day moving average is $12.49.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forest industry company and one of Europe’s largest private forest owners. Headquartered in Stockholm, SCA manages approximately 2.6 million hectares of forestland and operates an integrated value chain spanning timber harvesting, pulp production and bioenergy generation. The company’s operations are underpinned by a long‐term commitment to sustainable forest management and certification standards.

The company’s core business activities include the production of softwood pulp for use in packaging, tissue and specialty paper products, as well as sawn timber and engineered wood products for the construction sector.