Canfor Co. (OTCMKTS:CFPZF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $8.03. Canfor shares last traded at $8.00, with a volume of 1,600 shares trading hands.
Several equities research analysts have commented on the company. CIBC upgraded Canfor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 18th. BMO Capital Markets raised Canfor from a “market perform” rating to an “outperform” rating in a research report on Monday, March 11th.
The company has a 50-day moving average of $7.55.
Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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