Acadian Timber (OTCMKTS:ACAZF) Trading Up 0.2% – Time to Buy?

Acadian Timber Corp. (OTCMKTS:ACAZF)’s share price shot up 0.2% during trading on Wednesday . The stock traded as high as $12.36 and last traded at $12.36. 195 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,722 shares. The stock had previously closed at $12.34.

Wall Street Analyst Weigh In

Separately, Raymond James Financial restated an “outperform” rating on shares of Acadian Timber in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Acadian Timber Stock Up 0.2%

The business’s fifty day moving average is $11.71 and its two-hundred day moving average is $11.81.

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.