Fortress Paper Ltd. (TSE:FTP) shares shot up 2.5% on Tuesday . The stock traded as high as C$3.18 and last traded at C$3.10. 560 shares were traded during trading, a decline of 94% from the average session volume of 8,658 shares. The stock had previously closed at C$3.18.
Separately, Raymond James Financial, Inc. reduced their price objective on shares of Fortress Paper from C$6.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Friday, November 10th.
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Fortress Paper Company Profile
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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