Western Forest Products (OTCMKTS:WFSTF) Trading Up 9.4% – Time to Buy?

Western Forest Products Inc. (OTCMKTS:WFSTFGet Free Report)’s share price was up 9.4% during mid-day trading on Friday . The company traded as high as $0.32 and last traded at $0.32. Approximately 12,700 shares changed hands during trading, a decline of 24% from the average daily volume of 16,646 shares. The stock had previously closed at $0.29.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated a “sector perform” rating on shares of Western Forest Products in a research note on Tuesday, April 22nd.

Read Our Latest Analysis on WFSTF

Western Forest Products Stock Up 9.4%

The firm’s fifty day moving average price is $0.29 and its 200 day moving average price is $0.30.

About Western Forest Products

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Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.

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