Canfor Pulp Products (OTCMKTS:CFPUF) Shares Pass Above 50 Day Moving Average – Here’s Why

Canfor Pulp Products Inc. (OTCMKTS:CFPUFGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.29 and traded as high as $0.3639. Canfor Pulp Products shares last traded at $0.3639, with a volume of 2,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Canfor Pulp Products in a report on Monday, November 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Stock Report on Canfor Pulp Products

Canfor Pulp Products Price Performance

The business has a 50-day moving average of $0.29 and a 200-day moving average of $0.40.

Canfor Pulp Products Company Profile

(Get Free Report)

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.

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