Canfor Pulp Products (OTCMKTS:CFPUF) Shares Pass Above Fifty Day Moving Average – What’s Next?

Canfor Pulp Products Inc. (OTCMKTS:CFPUF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.30 and traded as high as $0.3615. Canfor Pulp Products shares last traded at $0.3595, with a volume of 11,000 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated a “sector perform” rating on shares of Canfor Pulp Products in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Canfor Pulp Products currently has a consensus rating of “Hold”.

Canfor Pulp Products Stock Performance

The company has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.39.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc is a Canada-based pulp manufacturing company and a wholly owned subsidiary of Canfor Corporation. Headquartered in Vancouver, British Columbia, the company specializes in the production of bleached softwood kraft pulp. Established in 2005 and publicly listed in 2006, Canfor Pulp Products has built a reputation for delivering high-strength, premium-quality pulp to paper, tissue and specialty product manufacturers around the world.

Operating four kraft pulp mills in British Columbia and Alberta, Canfor Pulp Products leverages integrated production facilities and in‐house research and development to optimize fiber properties and resource utilization.