Fortress Paper Ltd. (TSE:FTP) rose 2.3% during mid-day trading on Wednesday . The stock traded as high as C$3.08 and last traded at C$3.08. Approximately 1,356 shares changed hands during trading, a decline of 85% from the average daily volume of 9,148 shares. The stock had previously closed at C$3.01.

Separately, Raymond James Financial, Inc. lowered their price objective on Fortress Paper from C$6.00 to C$4.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th.

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About Fortress Paper

Fortress Paper Ltd. produces and sells dissolving pulp and security paper products. The company offers dissolving pulp for use in the production of textile fibers, acetates, cellophanes, tire filaments, filters, and various chemical additives, as well as in pharmaceutical companies and the food industry as a binding agent.

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