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Fortress Paper inches higher, resistance at 12-day EMA January 29, 2018 17:00 EST

Jan 29, 2018 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Fortress Paper Ltd. (TSX:FTP), Canada's 13th largest Forest products company by market cap, has lifted 2.8% but fell short of the 12-day Exponential Moving Average [EMA] of CAD3.48. Compared with the S&P/TSX 60 Index which fell 7.7 points (0.8%) in the day, the relative price increase was 3.6%. The volume was 0.2 times the average daily trading volume of 18,667 shares. The stock last traded at CAD3.34.

THE PAST YEAR

Fortress Paper plummets 62% in pa...