Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Trading Down 5.5% – Here’s What Happened

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF)’s share price traded down 5.5% during trading on Wednesday . The stock traded as low as $9.97 and last traded at $9.97. Approximately 5,004 shares traded hands during trading, an increase of 19% from the average session volume of 4,200 shares. The stock had previously closed at $10.55.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Down 5.5%

The firm’s fifty day moving average price is $10.85 and its two-hundred day moving average price is $12.05.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.