Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Trading Up 3.8% – What’s Next?

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) shot up 3.8% during trading on Wednesday . The stock traded as high as C$12.90 and last traded at C$12.90. 1,010 shares changed hands during trading, a decline of 65% from the average session volume of 2,904 shares. The stock had previously closed at C$12.43.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

The stock’s fifty day moving average is C$12.44 and its 200-day moving average is C$13.17.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forestry and paper products company whose American depositary shares trade over the counter under the symbol SCABY. The company’s core operations encompass sustainable forest management, pulp production and the manufacture of renewable packaging materials. SCA positions itself as a provider of high‐quality containerboard, corrugated packaging solutions and market pulp, serving a range of industries from food and beverage to e-commerce logistics.

SCA manages one of Europe’s largest private forest estates, principally located in northern Sweden, where it applies certified sustainable practices to balance wood production, biodiversity and carbon sequestration.