Interfor Corporation (IFP:CA) Rises 6.11% for September 10

Equities Staff  |

September 10 was a positive day for Interfor Corporation (IFP:CA) as its stock finished the day having gained 6.11% to hit a price of $13.90 a share. The company reached a market cap of 934.82 million and has 67.25 million shares outstanding. Interfor Corporation is a component of the the S&P/TSX SmallCap Index.

257,212 shares changed hands over the course of the day as compared to an average volume of 215,374 over the last 30 days for Interfor Corporation.

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO Duncan K. Davies.

Interfor Corporation has hit a high of $23.20 and reached a low of $10.91 over its last year of trading. The stock’s 50-day SMA is now $12.55 and 200-day SMA is $14.40. As for its price valuations, the P/E ratio is at 0 and P/B is now 1.03.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Interfor Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: IFP:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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