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Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average - Here's What Happened

Acadian Timber logo with Basic Materials background

Acadian Timber Corp. (TSE:ADN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.69 and traded as high as C$17.93. Acadian Timber shares last traded at C$17.45, with a volume of 3,917 shares changing hands.

Acadian Timber Stock Performance

The firm has a fifty day moving average of C$17.62 and a 200-day moving average of C$17.70. The firm has a market cap of C$308.70 million, a P/E ratio of 9.46, a PEG ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22.

Acadian Timber Company Profile

(Get Free Report)

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.

Further Reading

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