Billerud AB (publ) (OTCMKTS:BLRDF) Shares Up 4.5% – Here’s Why

Billerud AB (publ) (OTCMKTS:BLRDF) shares were up 4.5% during trading on Wednesday . The company traded as high as $9.20 and last traded at $9.20. Approximately 101 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,742 shares. The stock had previously closed at $8.80.

Billerud AB (publ) Stock Performance

The stock has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $9.28.

About Billerud AB (publ)

Billerud AB (publ) is a Sweden-based pulp and paper company specializing in sustainable packaging materials and solutions. The company produces a range of fibre-based products, including containerboard, corrugating medium, sack kraft paper and speciality paper. Through its integrated production network, Billerud AB supplies raw materials and finished solutions to customers in the consumer packaging, e-commerce, food service and industrial sectors.

The roots of Billerud AB date back to the establishment of the Gruvön mill in 1647 and the Korsnäs operations in the mid-19th century.