Acadian Timber (OTCMKTS:ACAZF) Stock Price Up 1.6% – Time to Buy?

Acadian Timber Corp. (OTCMKTS:ACAZF)’s share price traded up 1.6% during mid-day trading on Tuesday . The company traded as high as $12.10 and last traded at $11.8850. 5,740 shares changed hands during mid-day trading, an increase of 142% from the average session volume of 2,374 shares. The stock had previously closed at $11.70.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Acadian Timber in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Acadian Timber Stock Up 1.6%

The business’s fifty day simple moving average is $11.24 and its 200 day simple moving average is $11.92.

About Acadian Timber

Acadian Timber Corporation is an independent timberland investment company focused on the acquisition, management and development of forest assets. Headquartered in Halifax, Nova Scotia, the company supplies softwood logs and wood fibre to regional sawmills, pulp and paper facilities, and engineered wood product manufacturers across eastern Canada and the northeastern United States.

Incorporated in 2013 through a strategic spin-off of privately held timberlands, Acadian Timber began trading on the Toronto Stock Exchange later that year.