Acadian Timber (OTCMKTS:ACAZF) Shares Down 4.7%

Shares of Acadian Timber Corp. (OTCMKTS:ACAZFGet Rating) dropped 4.7% on Thursday . The stock traded as low as $12.69 and last traded at $12.71. Approximately 4,459 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 3,023 shares. The stock had previously closed at $13.33.

The company has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $14.78.

The company also recently announced a dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.2291 dividend. This represents a yield of 6.09%. The ex-dividend date of this dividend was Wednesday, March 30th.

Acadian Timber Company Profile (OTCMKTS:ACAZF)

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.

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